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Language of instruction
French, English
Teaching content
UE16
Training officer(s)
L.ORIGI
Stakeholder(s)
L.ORIGI
Présentation
Prerequisite
Fully understanding basic administration vocabulary, being proficient in VAT calculations.
Goal
Decision-making is largely based on business forecasts for future periods. A budget is a numerical representation of the goals set by a company’s management. It ranges from simply setting aside a sum to fund a specific operation (budgeting for a project), to a larger, more formalised budgeting process carried out for the entire company.
The aim of this course is to present both the tools required for 3rd-year students’ projects (PERT networks, event budget – the latter was already studied in 1st year) and the budgeting process, from business forecasts all the way to the cash flow budget. Intermediate steps are not studied in detail.
The aim of this course is to present both the tools required for 3rd-year students’ projects (PERT networks, event budget – the latter was already studied in 1st year) and the budgeting process, from business forecasts all the way to the cash flow budget. Intermediate steps are not studied in detail.
Presentation
Topic 1: PERT NETWORKS
• Why Gantt charts are not enough for complex projects
• How to create a PERT network: creating the network, calculating the earliest and latest dates, critical path, calculating the maximum delays for each task (free float, total float)
• Impact of modifications (adding a task, extending a duration, etc.) on project organisation
Topic 2: SALES BUDGET
• Measuring the correlation between 2 phenomena (linear correlation coefficient) and looking for a linear regression line through the method of least squares (using a calculator's features)
• Integrating seasonal variations (calculating seasonal indexes) into the forecast
Topic 3: CASH FLOW BUDGET
• Introducing the budgeting procedure (series of budgets)
• Creating intermediate budgets (purchases budget, sales budget, VAT budget, income budget, expense budget) and a cash flow budget
• Remarks about budgets & advice for entrepreneurs
• Why Gantt charts are not enough for complex projects
• How to create a PERT network: creating the network, calculating the earliest and latest dates, critical path, calculating the maximum delays for each task (free float, total float)
• Impact of modifications (adding a task, extending a duration, etc.) on project organisation
Topic 2: SALES BUDGET
• Measuring the correlation between 2 phenomena (linear correlation coefficient) and looking for a linear regression line through the method of least squares (using a calculator's features)
• Integrating seasonal variations (calculating seasonal indexes) into the forecast
Topic 3: CASH FLOW BUDGET
• Introducing the budgeting procedure (series of budgets)
• Creating intermediate budgets (purchases budget, sales budget, VAT budget, income budget, expense budget) and a cash flow budget
• Remarks about budgets & advice for entrepreneurs
Modalités
Forms of instruction
Cours magistral, exercices pratiques, vidéos et exercices corrigés sur le site web de l’enseignant.
Lecture, practical exercises, videos and exercise answers on the teacher's website.
Organization
| Type | Amount of time | Comment | |
|---|---|---|---|
| Independent study | |||
| Travail personnel indicatif | 30,00 | ||
| Face to face | |||
| 15,00 | |||
| Overall student workload | 45,00 | ||
Evaluation
| Control type | Duration | Amount | Weighting |
|---|---|---|---|
| Continuous assessment | |||
| 2,00 | 1 | 40,00 | |
| Final Exam | |||
| 2,00 | 1 | 60,00 | |
| TOTAL | 100,00 | ||