Budget Management

Scholar Year: 2018/2019 - 2S

Courses

Head Teacher Responsability Henrique Manuel Pimentel Reis Head

Weekly workload Hours/week T TP P PL L TC E OT OT/PL TPL O S Type of classes 1 2 Lectures Type Teacher Classes Hours Theoretical Totals 1 1,00 José Simões   1,00 Practices Totals 1 2,00 João Santos   4,00

Teaching language

Portuguese

Intended learning outcomes (Knowledges, skills and competencies to be developed by the students)

Understand the approaches of financial management and its functionality.
• Understand the interrelationship between the centers of responsibility.
• Create the ability to prepare budgets.
• Understand the implementation of budgetary control.
• Understand the importance of transfer pricing.

Syllabus

1. Conceptual Framework
1.1. Budgetary Cycle
1.2. Understanding the Budget Terminology
1.3. Approaches to Budgeting
1.4. Zero - Base Budgeting
2 . Responsibility Centers
2.1. Measuring Inputs and Outputs
2.2. Efficiency and Effectiveness
2.3. Types of Responsibility Centers
2.3.1. Revenue Centers
2.3.2 . Expenses Centers
2.3.3 . Results Centers
2.3.4 . Investment Centers
3 . Budgeting
3.1. Functions of the Budget
3.1.1. Objectives of Budget
3.1.2 . Budgeting Management
3.1.3 . Structure of Budgets
3.2. Functional interdependence of subsystems
3.2.1. The Commercial Subsystem
3.2.2 . The Production Subsystem
3.2.3 . Support Subsystem
3.2.4 . The Annual Plan and Budget
3.3. Precautions on Budgeting
4 . Budgetary Control
4.1. Budgetary Control Subsystem
4.1.1 The Commercial Control Subsystem
4.1.2 . The Production Control Subsystem
4.1.3 . Review and Budget Adjustments
4.2. Calculation of deviations
4.3. Analysis of Deviations
4.4. Causes of Deviations
4.5. Limitations of Budgetary Control
4.6. Reports on Budgetary Control
4.6.1. Content of Reports Budgetary Control
4.6.2 . Presentation of Reports Budgetary Control
5 . Transfer Pricing
5.1. Calculation Methodologies
5.2. Methodological limitations
5.3. Competitive Price
5.4. Arbitration

Teaching methodologies

• Expositive and participative methods in the presentation of theoretical concepts.
• Method of solving exercises, discussing cases and analyzing concrete examples in the most practical component.

Assessment methodologies and evidences

The assessment is made by holding two Theoretical Tests and two Practical Tests.

Final Grade = 0.50 TT +0.50 TP

The TT grade is the average grade Theoretical Tests and must be at least equal to 10. The TP grade is the average grade of the Practical Tests and must be at least equal to 10. A minimum score of any test is 8 (eignt) values.
The Final Evaluation consists in carrying out an examination of all matter and the minimum score is 10 points.

Final Grade = E

Bibliography

Essential:
• Rodrigues, Jorge e Reis, Henrique (2015), “Gestão Orçamental”, 2ªed., Lisboa: Escolar Editora, ISBN 978-972-592-470-9.

Additional:
• Reis, Henrique e Rodrigues, Jorge (2011), “Controlo de Gestão: Ao Encontro da Eficiência”, Lisboa: Escolar Editora.
• Rodrigues, Jorge José Martins (2010). “Avaliação do desempenho das organizações”, Lisboa: Escolar Editora.
• Lopes dos Reis, Rui e Reis, Henrique Pimentel (2008), “Gestão Estratégica Aplicada a Instituições do Ensino Superior”, Lisboa: Escolar Editora.