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|Meet Day||M/W||11:45 AM - 1:00 PM||L140|
|Review||F||11:45 AM - 1:00 PM||STARR|
Budget concepts and techniques are central to the successful operation of government, nonprofit, and for-profit organizations. This rigorous introductory course aims to demystify the budget process for those who are new to the world of budgeting. It covers the entire budget process, including budget formulation and execution, program development, cost and revenue estimation, budget strategies and tactics, and budget evaluation. The course will include performance-based budgets, performance measurement, variance analysis, activity-based costing, cost accounting, capital budgeting, and finance. The course will use case discussions, problem sets, online tutorials, and individual and group exercises. Students taking this course may enroll in MLD-412M, a follow-on course in "applied budgeting" in the spring. Students who complete the course successfully may participate in the MLD-411 alumni program. Prerequisite: Students should be familiar with Microsoft Excel.