Course: Introduction to Business Budgeting

It’s all very well being able to recognise the different types of cost by looking at a graph – but how do you identify them in real life, just from …

Data and information can come from one of two different sources – and both sources can generate data and information that falls into one of two categories. The Kaplan tutor …

Incremental budgeting involves taking the previous years’ budget (or actual closing position for the previous year) and making adjustments with a ‘copy and paste’ method. Incremental budgeting is best suited …

What sort of answers did you and other people on the course come up with in your discussion about the advantages and disadvantages of top down and bottom up budgeting? …

The previous step should have started to give you an idea of why budgets are ‘a good idea’ for businesses and organisations. Now let’s look at some of the reasons …

Information is the starting point of the budget setting process. As the Kaplan tutor explains in this video, a management accountant or manager can provide a wide range of information …

As the video explains, one other way of grouping costs is by the way those costs are affected by the business’ activity level. Essentially, as the business produces more units, …