How to Prepare a Financial Budget | Managerial Accounting
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- čas přidán 25. 07. 2024
- Done correctly, budgeting helps organizations develop and communicate goals, and ensure they have enough cash flow to meet their commitments. Let's learn how to prepare a financial budget. We'll learn why budgeting is important to an organization, and do a deep dive on financial budgets: master budgets, cash budgets, budgeted balance sheets, budgeted statements of cash flow, and capital budgets.
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00:00 Intro
01:24 Purpose and role of budgeting
02:06 Key elements of the financial budget
03:32 Common misconceptions
04:20 Exercise