Title: Module 2 Introduction: (CU2 M2) Budgeting
Course: SkillsCom BA 213 15.0 > Section: Credit Unit 2 Module 2

When used appropriately, a budget can be a very powerful tool in the hands of a capable manager. Budgets provide insight and guidance in a budgeting period and essentially function as a vital instrument in helping a manager to plan and control their business. Budgets determine how a company has progressed and if it has met its previous goals.

This chapter covers budgeting ins and outs and how budgeting can be used as a positive and motivational tool for company growth.

Module Outcomes:

- Define the objectives of creating a budget.
- Determine the different types of budgets.
- Determine how manufacturing companies prepare operating and financial budgets.
- Determine how merchandising companies prepare operating and financial budgets.
- Describe how information technology can be used in the budgeting process.