Budget Management

Scholar Year: 2023/2024 - 2S

Courses

Head Teacher Responsability Hélder António Coutinho Peixoto Ferreira da Silva 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 Practices Totals 1 2,00

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

Continuous evaluation
The knowledge assessment consists of two theoretical tests and two practical tests.

Final grade = 0.50 TT + 0.50 TP

The TT score is the average of the theoretical test scores and must be at least equal to 10 points. The TP grade is the average of the practical tests and must be at least equal to 10 values. The minimum score for any of the tests is 7.5 (seven and a half).

Final evaluation

The Final Assessment consists of an exam on all subjects, including theoretical and practical components.

The final grade will be the grade of the exam, and must be at least equal to 10 values, being mandatory to have a minimum of 4.0 values ​​in the questions of the theoretical component and 4.0 values ​​in the questions of the practical component.

Final grade = E


Season of Appeal |

The evaluation system consists of an exam on the subject in which the student was the target of exclusion, with the general rules of the Final Assessment.



Special Season

The rating system is the same as in the Seasonal Appeal Assessment.

Main Bibliography

Complementary Bibliography