Course unit title

Modern Budgeting

Course unit code

AKM321

Type of course unit (compulsory, optional)

Optional

Level of course unit (according to

EQF: first cycle Bachelor, second cycle Master)

Second Cycle Bachelor

Year of study when the course unit is delivered (if applicable)

2021–2022

Semester/trimester when the course unit is delivered

4th semester

Number of ECTS credits allocated

4.8 credits

Name of lecturer(s)
  1. Basuki, Ph.D., MCom (HONS)., S.E., Ak., CMA.
  2. Iman Harymawan, Ph.D, MBA., S.E.
  3. Dr. Erina Sudaryati, S.E., M.Si., Ak., CMA.
  4. Khusnul Prasetyo, S.E., M.M., Ak., CMA., CA.

Learning outcomes of the course unit
  1. Students are able to explain the concept of budgeting and its role in corporate planning and control.
  2. Students are able to calculate and prepare a simple manufacturing company budget using a conventional approach and an ABC-based flexible budget.
  3. Students are able to independently describe the latest developments related to company budgeting (Beyond Budgeting concept).

Mode of delivery (face-to-face, distance learning)

Face-To-Face

Prerequisites and co-requisites (if applicable)

Cost Accounting

Course content
  1. The What and Why of Budgeting and Its Strategic Planning
  2. Administering the Budget: Reports, Analyses, and Evaluations
  3. Profit Planning: Targeting and Reaching Achievable Goals
  4. Master Budget: Genesis of Financial Forecasting and Profit Planning
  5. Cost Behavior: Emphasis on Flexible Budgets
  6. Evaluating Performance: The Use of Variance Analysis
  7. Manufacturing Costs: Sales Forecasts and Realistic Budgets
  8. Marketing: Budgeting for Sales, Advertising, and Distribution
  9. Research and Development: Budgets for a Long-Term Plan
  10. Cash Budgeting and Forecasting Cash Flow: Two Pragmatic Methods
  11. Budgeting for Cost Management: Activity-Based Budgeting and Life-Cycle Budgeting
  12. Zero-Base Budgeting: Priority Budgeting for Best Resource Allocation
  13. Managers’ Performance and Balanced Scorecard: Evaluation at the Division Level
  14. Budgeting for Service Organizations: Special Features

Recommended or required

reading and other learning resources/tools

Shim, Jae K; Siegel, Joel G.; and Shim, Allison I, 2011, Budgeting Basics and Beyond, 4th Edition, Wiley. (Required)

Planned learning activities and teaching methods
  1. Lectures
  2. Individual assignments

Language of instruction

Bilingual, Bahasa Indonesia and English

Assessment methods and criteria

Assignments