Course Overview
The Diploma in Budget and Finance (DBF) equips students with essential skills in budgeting, financial analysis, and management. This program covers financial planning, cost control, and fiscal policies, preparing graduates for roles in finance, accounting, and financial management.
Duration:
1 year (2 semesters)
Syllabus:
The syllabus for the Diploma in Budget and Finance typically spans two semesters. Below is a sample outline:
Semester 1:
Introduction to Financial Management:
Basic concepts of financial management and budgeting
Understanding financial statements: Income statement, balance sheet, and cash flow statement
Financial planning and forecasting for businesses and organizations
Budgeting Techniques and Practices:
Types of budgets: Operational, capital, and cash budgets
Steps in the budgeting process: Planning, preparation, and approval
Zero-based budgeting, incremental budgeting, and performance-based budgeting
Cost and Management Accounting:
Cost classification and behavior
Techniques for cost control and cost reduction
Role of management accounting in budgeting and financial decision-making
Public Finance and Government Budgeting:
Overview of public finance and government budget processes in India
Structure of the Union Budget and state budgets
Fiscal policies, taxation, and government expenditure management
Semester 2:
Financial Reporting and Analysis:
Financial analysis using ratios, trend analysis, and variance analysis
Techniques for financial performance evaluation and decision-making
Preparing reports for management on budget performance and financial status
Corporate Finance and Capital Budgeting:
Understanding corporate finance concepts: Capital structure, working capital management, and dividend policy
Techniques for evaluating capital investment decisions: Net Present Value (NPV), Internal Rate of Return (IRR)
Risk analysis in capital budgeting
Taxation and Compliance in Budgeting:
Understanding the impact of taxation on budgeting and financial planning
Managing compliance with tax regulations and reporting requirements
Preparing tax-efficient budgets for businesses and organizations
Project Work/Internship:
Practical experience through internships in financial departments of companies or government agencies
Project work involving budget preparation, financial planning, or financial analysis
Preparation of reports and presentations on budget and finance management topics
Average Fees:
₹25,000 to ₹1,00,000 (varies by institution)
Exams to Attend:
Internal Assessments:
Regular assessments through assignments, case studies, and practical exercises on budgeting, financial planning, and cost management.
Final Semester Examinations:
End-of-semester exams testing theoretical knowledge and practical skills related to budgeting and finance.
Professional Certifications (Optional):
Certified Budgeting and Finance Professional (CBFP): Certification focusing on budgeting practices, financial management, and compliance.
Certified Management Accountant (CMA): Specialization in management accounting and financial planning.
Competitive Exams (Optional):
Entrance exams for further studies such as MBA in Finance, M.Com, or other advanced financial management programs.
Top 10 Institutions in India:
Indian Institute of Management (IIM), Ahmedabad
Symbiosis Institute of Business Management (SIBM), Pune
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
Xavier School of Management (XLRI), Jamshedpur
Amity University, Noida
Christ University, Bangalore
Indian School of Business (ISB), Hyderabad
Faculty of Management Studies (FMS), Delhi University
Indian Institute of Finance (IIF), New Delhi
Institute of Chartered Accountants of India (ICAI), New Delhi
Top 10 Institutions in Kerala:
Rajagiri College of Social Sciences, Kochi
Farook College, Kozhikode
St. Teresa's College, Ernakulam
Sacred Heart College, Kochi
MES College, Marampally
Amrita School of Arts and Sciences, Kochi
Mahatma Gandhi University, Kottayam
Mar Ivanios College, Thiruvananthapuram
Kerala University, Thiruvananthapuram
St. Joseph’s College, Devagiri, Kozhikode