Master Budget

Budgeting Process

Q1. Describe the budgeting process.

Q2. What is the main purpose of budgeting.

How Budgets Build Confidence

Q1. Describe how the five benefits of a personal budget and relate those benefits in a business.

The Master Budget

Q1. Define "master budget"

Q2. Describe the 2 categories of master budget. What are the main focus of these two category of budget?

Difference between Budgeting and Forecasting

Q1. What is the key difference between budgeting and forecasting.

Q2. Describe budgeting and forecasting respectively.

Q3. Describe the relationship between forecast and budgets.

Why Cash Budget is Important to Small Business?

Q1. According to the video, how a small business can use their cash budget?

Q2. What is a cash budget and what are the benefits of preparing a cash budget for small businesses?