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Level 4 Diploma in Logistics and Supply Chain Management

Budget Preparation in Logistics

LSC404 · Finance and Accounting — Week 7 of 16

CourseLSC404
Week7 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Budget Preparation in Logistics

  1. Compiling operational cost budgets
  2. Sales and revenue projections
  3. Cash budget formulation
  4. Resource allocation across supply chain nodes
  5. CIMA BA2 - The preparation of budgets
  6. CIMA BA2 The Cash Budget

What you will be able to do

  • 3.2 Prepare different types of budgets.

Activity

Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: prepare different types of budgets.

Study materials

Videos

  • CIMA BA2 - The preparation of budgets · YouTube · OpenTuition · 20 min · for registered students
  • CIMA BA2 The Cash Budget · YouTube · OpenTuition · 16 min · for registered students
  • The Cash Budget · YouTube · Edspira · 12 min · for registered students
  • The Sales Budget · YouTube · Edspira · 16 min · for registered students
  • The Master Budget · YouTube · Edspira · 11 min · for registered students
  • CIMA BA2 Types of Budgets · YouTube · OpenTuition · 21 min · for registered students
  • Direct Materials Budget · YouTube · Edspira · 7 min · for registered students

Further resources

  • Principles of Accounting, Volume 2: Managerial Accounting, ch. 7: Budgeting · PDF · OpenStax, textbook chapter; pp. 327–376 · for registered students
  • Managerial Accounting, ch. 9: How Are Operating Budgets Created? · PDF · Saylor Academy, textbook chapter; pp. 541–618 · for registered students
  • Introduction to Logistics, ch. 3: The Cost of Logistics · Reading · Other, textbook chapter; PDF pp. 42–50 · 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 6Midterm
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Foundations of Financial Record-Keeping
  • Week 2: Core Financial Statements and Logistics Decision-Making
  • Week 3: Business Capital and Fixed Asset Depreciation
  • Week 4: Working Capital and Liquidity Management
  • Week 5: Sources of Finance for Logistics Operations
  • Week 6: Budgetary Frameworks and Approaches
  • Week 7: Budget Preparation in Logistics
  • Midterm: Midterm evaluation
  • Week 9: Variance Analysis and Budgetary Control
  • Week 10: Financial Performance and Ratio Analysis
  • Week 11: Addressing Financial Under-Performance
  • Week 12: Applying Finance and Accounting in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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