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Level 8 Diploma in Strategic Management and Leadership Practice

Master Budget Architecture and Target Setting

SMP810 · Strategic Financial Management — Week 5 of 16

CourseSMP810
Week5 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Master Budget Architecture and Target Setting

  1. Operational and financial budget integration
  2. Rolling forecasts
  3. Probabilistic financial modelling
  4. Strategic alignment of departmental targets
  5. [Strategic Cost Management] Master Budget (Budgeting and Business Planning)
  6. Business Strategy 13 - Budgeting & Financial Planning

What you will be able to do

  • 3.1 Evaluate budgetary targets for an organisation.
  • 3.2 Develop a master budget for an organisation.

Activity

Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: evaluate budgetary targets for an organisation.

Study materials

Videos

  • [Strategic Cost Management] Master Budget (Budgeting and Business Planning) · YouTube · Sir Chua's Accounting Lessons PH · 56 min · for registered students
  • Business Strategy 13 - Budgeting & Financial Planning · YouTube · Ajarn Olli · 30 min · for registered students
  • Beyond Budgeting - An Agile Management Model • Bjarte Bogsnes • GOTO 2016 · YouTube · GOTO Conferences · 51 min · for registered students

Further resources

  • Managerial Accounting, ch. 9: How Are Operating Budgets Created? · PDF · Saylor Academy, textbook chapter; pp. 541–618 · for registered students
  • Principles of Accounting Vol. 2, ch. 7.1–7.2: How managers use budgets; operating budgets · PDF · OpenStax, textbook chapter; pp. 316–328 · for registered students
  • Why Do Management Practices Differ across Firms and Countries? · PDF · Reading, article · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 4Week 6
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Strategic Cost Management and Systems Design
  • Week 2: Advanced Costing Optimisation and Pricing Strategies
  • Week 3: Advanced Financial Statement Analysis
  • Week 4: Corporate Portfolio Evaluation and Strategic Decision-Making
  • Week 5: Master Budget Architecture and Target Setting
  • Week 6: Critical Perspectives on Budgetary Control
  • Week 7: Strategic Working Capital and Funding Appraisals
  • Midterm: Midterm evaluation
  • Week 9: Long-Term Capital Structure and Funding Selection
  • Week 10: Capital Investment Appraisal Under Uncertainty
  • Week 11: Strategic Investment Governance and Qualitative Appraisals
  • Week 12: Applying Strategic Financial Management in practice: case s…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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