1. Definitions:

• Budget
• Master Budget
• Continuous Budget
• Static Budget
• Flexible Budget
• Capital Expenditure Budget
• Cash Budget

2. Order of budget preparation
3. Production budget calculation
4. Identification of:

• Flexible budgets
• Continuous budgets
• Zero-based budgets
• Sales budget
• Master budgets

5. Calculation of flexible budget
6. Uses of production budget
7. First budget prepared?
8. Calculation of Sales budget
9. Calculation of Production budget
10. Calculation of Materials budget
11. Calculation of Labor budget
12. Calculation of Cash Receipts
13. Calculation of Cash Payments