Discover the basics of budgeting in our user-friendly "Basic Understanding of Budgeting – Part 2" course. This course provides a simple introduction to important budgeting ideas, giving you the tools to make smart financial choices.

Explore how interest and discounting impact budgets. Learn to figure out interest rates and discount rates to understand different financial situations. Dive into capital budgeting, and understand its importance in long-term money decisions. Learn how to check if investment projects make financial sense, and how to pick the best ones using clear budget and money criteria.

By the end of the course, you'll be comfortable with budgeting, interest, discounting, and capital budgeting. You'll be ready to make confident financial choices whether you're new to money matters or want to improve your decision-making skills.

Topics covered:

  • Interest
  • Discounting
  • Capital Budgeting

This course was created to cover “Budgeting (Section D)” in ACCA Management Accounting (MA) subject. However, any other student who needs the knowledge of basic budgeting, can enroll for this course.

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

NOTE: This course is a two-part series course. The part 1 course link is:
https://www.illumeo.com/courses/basic-understanding-budgeting-part-1

Learning Objectives
  • Recognize the role of interest and discounting in budgeting.
  • Identify how to calculate interest and discount rates.
  • Explore the concept of capital budgeting and its importance in long-term investment decisions.
  • Discover how to analyze and evaluate capital investment projects.
  • Recognize how to make informed financial decisions based on financial criteria and analysis of budgets.
Last updated/reviewed: March 23, 2024
4 Reviews (12 ratings)

Reviews

4
Anonymous Author
I think the material was very straightforward and the examples were succinct.
5
Anonymous Author
Basic Understanding of Budgeting - Part 2 Basic Understanding of Budgeting - Part 2 Basic Understanding of Budgeting - Part 2 Basic Understanding of Budgeting - Part 2 Basic Understanding of Budgeting - Part 2 Basic Understanding of Budgeting - Part 2 Basic Understanding of Budgeting - Part 2
5
Anonymous Author
This course was very interesting in reviewing budgeting techniques. I don't feel as if the slides were helpful
2
Anonymous Author
difficult to follow calculation of example questions at times
Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

This course was created to cover “Budgeting (Section D)” in ACCA Management Accounting (MA) subject. However, any other student who needs the knowledge of basic budgeting, can enroll for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Basic Understanding of Budgeting-Capital Budgeting and Discounted Cashflow1:36
  Interest - Simple Interest17:40
  Interest - Compound Interest30:11
  Interest - Compound Interest Cont'd32:53
  Discounting - Part 138:52
  Discounting - Part 227:42
  Discounting - Part 326:43
  Investment Appraisal - Part 126:30
  Investment Appraisal - Part 214:59
  Investment Appraisal - Part 328:25
  Investment Appraisal - Part 424:16
CONTINUOUS PLAY
  Basic Understanding of Budgeting4:29:47
SUPPORTING MATERIAL
  Slides: Basic Understanding of Budgeting - Part 2PDF
  Basic Understanding of Budgeting - Part 2 Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam