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Level 4 Diploma in Business Management

Preparing different types of budgets

BM404 · Finance and Accounting — Week 14 of 16

CourseBM404
Week14 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Preparing different types of budgets

  1. Operating budget
  2. Cash budget
  3. Master budget

What you will be able to do

  • 4.2 Prepare different types of budgets.

Study materials

Further resources

  • Workplace Software and Skills, ch. 9.3: Calculations and basic formulas in Excel · PDF · OpenStax (2023), section 9.3 on formulas for totals and simple budgets. Large file (290 MB); pp. 581–585 · for registered students
  • Principles of Finance 2e, ch. 19.3: Cash management · PDF · OpenStax (2026), section 19.3 on managing cash and timing receipts and payments; pp. 565–566 · for registered students
  • Entrepreneurship, ch. 9.4: Start-up financial statements and cash flow projections · PDF · OpenStax (2020), section 9.4 on building a cash flow forecast alongside projected profit for a new business; pp. 334–346 · for registered students
  • Thriving Through Seasonal Cash Flow Challenges: Strategies for Seasonal Small Businesses · Open-access article · Busila (2025), Small Business Institute Journal. Practical strategies for cash budgets, cash flow forecasts and surviving the quiet season; very readable. · for registered students
  • Workplace Software and Skills, ch. 11.3: What-if analysis · PDF · OpenStax (2023), section 11.3 on testing scenarios with sales and cost data in Excel. Large file (290 MB); pp. 752–756 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 13Week 15
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Course plan
  • Week 1: What finance and accounting are for: branches of accounting…
  • Week 2: Rules and laws that shape finance and accounting
  • Week 3: How finance and accounting support business decisions
  • Week 4: Different financial statements and what each one shows
  • Week 5: Preparing financial statements for a sole trader
  • Week 6: Preparing financial statements for a partnership
  • Week 7: Adjustments to financial statements: accruals, prepayments …
  • Week 8: Midterm evaluation
  • Week 9: Adjustments to financial statements: depreciation and debt …
  • Week 10: Calculating financial ratios from a set of business accounts
  • Week 11: Comparing organisational performance using historical finan…
  • Week 12: Types of budget: operating, cash, fixed and master budgets
  • Week 13: Budgeting approaches: incremental, activity-based, value pr…
  • Week 14: Preparing different types of budgets
  • Week 15: Review and coursework completion
  • Week 16: Final evaluation and project assessment
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