Welcome to the "Basic Understanding of Budgeting – Part 01" course! In this course, you will learn the fundamental concepts and techniques involved in budgeting. Budgeting is a crucial aspect of financial management for individuals, businesses, and organizations. A budget helps in planning and controlling expenses, allocating resources efficiently, and achieving financial goals.

This course covers the importance of budgeting, its various types, and the budgeting process. You learn how to create a budget, how to analyze it, and how to use it to make informed financial decisions. The course also covers the different types of budgets, such as functional budgets and cash budgets. You learn how to prepare these budgets and use them to manage your finances.

By the end of this course, you will have a solid understanding of budgeting and its importance in financial management. You will be equipped with the skills to create, analyze, and use budgets effectively, and make informed financial decisions based on financial criteria. Enroll now and take the first step towards mastering budgeting skills!

Topics covered:

• Introduction to Budgeting
• Approaches of Budgeting
• Types of Budgets
• Further Aspects of Budgeting
• Budgetary Control
• Behavioral Aspects of Budgeting
• Functional Budget
• Cash Budget

Course Key Concepts: Management Accounting, ACCA, ACCA F2, ACCA MA, Budgeting, ACCA courses.

NOTE: This course is a two-part series course. The part 2 course link is:
https://www.illumeo.com/courses/basic-understanding-budgeting-part-2