Management Accounting Lectures - Budgeting and Budgetary Control| ICAG|ACCA| CIMA - PART 1

Management Accounting Lectures- Budgeting and Budgetary Control | ICAG | ACCA | CIMA | CFA - PART 1| Nhyira Premium
This is originally a Facebook Livestream
In today's lecture, Nhyira explains the Principles of Budgeting and Budgetary Control and show how to prepare the flexible Budget.
In this lecture, you will learn the following:
what is a Budgeting
what is Budgeting
how to prepare a budget
how to prepare a flexible Budget
how to prepare cash Budget
Methods of Budgeting
cash Budget preparation
This video is for students writing Management Accounting, ACCA-UK f5 f2, CIMA, cfa.
#NhyiraPremium #ACCAF5 #Budgeting
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Please note that all materials in this video are from the books of Nhyira Premium.
Nhyira Premium is a Trained and Certified Lecturer with many years of experience both in the Corporate World and the Education Industry. He is the Managing Partner at Premium Education Hub, LLC, the Creator of NHYIRAPREMIUMUNIVERISTY.COM, a published Author of thirteen (13) Business Books based on the ACCA - UK & ICAG professional qualification examination syllabi.
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[@mondesitumbeko7385]

Always awesome! Clear

[@fodaykamara6484]

the concept of a participative style of budgeting in terms of the objectives of a budgetary control system

[@bharathidilipan.t9486]

Sir nice lecture Thank you

[@silasodeny4733]

Thank you so much!
Would you please solve a question in which you are asked to prepare budgets for:
1)sales in quantity and value including total values
2)production quantities
3)material usage in quantities
4)material purchase in quantity and value including total value.
Product. Quantity(units)
Sales. A. 1000
B. 2000
C. 1500
Material usage in the company's products
Material M1. M2. M3
Unit cost. sh400. 600. 900
Quantities used in M1(units)M2 M3
Product A. 4. 2. -
Product B. 3. 3. 2
Product C. 2. 1. 1
Finished stocks. Product A B. C
1Jan. 1000. 1500. 500
31st Jan 1100. 1650. 550
Material stocks M1(units) M2. M3
1Jan. 26000. 20000. 12000

[@funtobello4619]

Ur lectures are way to pass plsssss am having difficulty in solving transfer pricing questions pls help

[@evakiluwa8568]

Discuss what is goal congruency and how can an organisation achieve it

[@chitechiakinyi8678]

Could you answer this question for me? Explain how the nature of mgt accounting helps in defining its role in mgt of resources of an organizations..
2.Explain the features of responsibility Accounting
B) Using a self selected illustration of an organizational function demonstrates the outcome and the meaning of responsibility assignment

[@agnesnjeri255]

In marginal costing income statement, why do we use fixed cost yet we are told it only involves variable costs?

[@malayinnocentia7143]

How to calculate EOQ and how to present a supply budget table

[@comfortgyan4195]

There are three types of budget
Which is
Operating Budget
I. Statistics budget
II. Revenue budget
Iii. Expenses Budget
Cash budget
So my question is how do we prepare the budget listed under the operating budget

[@emigabriel480]

Does this video touch the various forms of budgeting

[@victorakpama5215]

Sir where can is find the continuation?

[@paulaforrester7058]

How do you flex the cost if it is a mixed cost, example fixed and variable cost

[@NhyiraPremium]

You must use the High and Low method to separate the cost elements and then flex the variable cost as fixed cost remains the same irrespective of the output level.

[@fridateke2913]

In need of calculations, need exercises to solve

[@emmanuelchandika9922]

Am from zambia wat number do you use

[@evelyn_gh3322]

?

[@martinlutherekwange196]

assuming the actual budget and estimated budgets have the some level of output but in actual budget, the i teams cost is lower than budgeted. How do you make the variance analysis.
And what explaination would it be ? ugandan thanks

[@NhyiraPremium]

I don’t understand your question. Can you retype? Thank you