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Budgeting: Final Assessment

Put your budgeting skills into practice as you test your knowledge on costing, forecasting, variances, and functional budgets.

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  • Duration

    1 week
  • Weekly study

    3 hours
  • 100% online

    How it works
  • Included in an ExpertTrack

    Course 4 of 4
  • Get full ExpertTrack access

    $39/monthFind out more

Hone your budgeting skills

Once you have completed the three courses on the Practical Guide to Budgeting ExpertTrack and mastered the theory of budgeting, you’ll gain the practical skills to take to your workplace or use in your personal life.

You’ll delve further into costing, forecasting, variances, and functional budgets and complete tests to cement your budgeting knowledge.

By the end of the course, you’ll have the skills to manage your finances, whether it’s for your organisation or personal finances.

Test your knowledge on costing and forecasting budgets

To help ensure you can correctly categorise costs in your business and effectively forecast, you’ll be guided through a catch up before taking a test to help put your knowledge into practice.

Develop your understanding of variances

Next, you’ll recap on what you have learned about variances and how to account for actual and budgeting income and expenditure.

You’ll take another test to solidify your understanding of variances.

Cement your knowledge of functional budgets

You’ll look again at functional budgets to recap the different functions within a business, including sales, labour, and overheads.

Taking a final test, you’ll ensure you know how to create a functional budget with ease.

By the end of this course, you will have put your budgeting knowledge into practice and honed the skills that you can start using in your personal or professional life.

Syllabus

  • Week 1

    Final assessment

    • Welcome

      Here you will have the opportunity to demonstrate all your skills learnt and practised to date to complete the final assessment.

    • Costing and forecasting

      The final assessment in this ExpertTrack. In this activity, you will have the opportunity to demonstrate all your skills learnt and practised on costing and forcasting.

    • Variances

      In this activity, you will have the opportunity to demonstrate all your skills learnt and practised on variances.

    • Functional budgets

      In this activity, you will have the opportunity to demonstrate all your skills learnt and practised on functional budgets.

Prove you're job ready

Highlight the new, job-relevant skills you’ve gained and supplement existing qualifications with a hard-earned, industry-specific digital certificate – plus one for every course within your ExpertTrack.

  • Learn the latest in your chosen industry or subject.
  • Complete each course and pass assessments.
  • Receive certificates validated by the educating organisation.
  • Impress employers with learning outcomes you can add to your CV.
  • Make your career dreams a reality.

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Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Demonstrate an understanding of practical budgeting

Who is the course for?

This course is for anyone who has completed the three courses of the Practical Guide to Budgeting ExpertTrack.

It is aimed at anyone working within management accounting or financial accountants, those who wish to know more about finance, or new businesses wanting to explore budgeting.

Who developed the course?

Kaplan

Kaplan UK is a leading international provider of educational and career services. Building on a rich heritage of more than 50 years of training accountants and financial professionals, Kaplan UK serves more than 48,000 students a year, both based in the UK and from overseas, who train for AAT, CIMA, ACCA and ICAEW qualifications.

  • Established

    1971
  • Location

    London, UK

About this ExpertTrack

Understand the importance of budgeting for personal and professional finances as you gain the skills to create accurate budgets.

Start learning today - free 7-day trial

After your free trial you can:

  • Pay $39 per month to keep learning online
  • Have complete control over your subscription; you can cancel any time
  • Work at your own pace and set your own deadlines at every stage
  • Only pay while you’re learning; the subscription will cancel automatically when you finish
  • Complete online assessments to test your knowledge and prove your skills
  • Earn digital course certificates and a final award that you can share online, with potential employers, and your professional network
  • Keep access to the content of courses you complete even after your subscription ends

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control
  • Complete 90% of course steps and all of the assessments to earn your certificate

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