Welcome to the "Basic Understanding of Budgeting – Part 01" course! In this course, you will learn the fundamental concepts and techniques involved in budgeting. Budgeting is a crucial aspect of financial management for individuals, businesses, and organizations. A budget helps in planning and controlling expenses, allocating resources efficiently, and achieving financial goals.

This course covers the importance of budgeting, its various types, and the budgeting process. You learn how to create a budget, how to analyze it, and how to use it to make informed financial decisions. The course also covers the different types of budgets, such as functional budgets and cash budgets. You learn how to prepare these budgets and use them to manage your finances.

By the end of this course, you will have a solid understanding of budgeting and its importance in financial management. You will be equipped with the skills to create, analyze, and use budgets effectively, and make informed financial decisions based on financial criteria. Enroll now and take the first step towards mastering budgeting skills!

Topics covered:

  • Introduction to Budgeting
  • Approaches of Budgeting
  • Types of Budgets
  • Further Aspects of Budgeting
  • Budgetary Control
  • Behavioral Aspects of Budgeting
  • Functional Budget
  • Cash Budget

Course Key Concepts: Management Accounting, ACCA, ACCA F2, ACCA MA, Budgeting, ACCA courses.

NOTE: This course is a two-part series course. The part 2 course link is:

Learning Objectives
  • Recognize the importance of budgeting.
  • Identify different types of budgets.
  • Explore the budgeting process, from creating a budget.
  • Discover how to prepare functional budgets and cash budgets.
Last updated/reviewed: March 25, 2024
2 Reviews (17 ratings)


Anonymous Author
The course was a refresher from the budgeting courses I took in college. The instructor did a really good job at teaching. He would summarize and remind us of the various learning topics covered.

Anonymous Author
Good examples to strengthen learning objectives. Examples written free hand on slides should be included within slides

Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
This course was created to cover “Budgeting (Section D)” in ACCA Management Accounting (MA) subject. However, any other student who needs the knowledge of basic budgeting, can enroll for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to Basic Understanding of Budgeting - Part 10:56
  Budgeting, Budget Centre and Purpose of Budgeting22:08
  Levels of Budgeting and Preparation of Budget24:50
  Approaches of Budgeting12:34
  Types of Budgets17:56
  Further Aspects of Budgeting11:36
  What is Budgetary Control12:52
  Behavioral Aspects of Budgeting10:57
  Functional Budget23:04
  Cash Budget20:54
  Cash Budget Cont'd18:22
  Basic Understanding of Budgeting - Part 12:56:10
  Slides: Basic Understanding of Budgeting - Part 1PDF
  Basic Understanding of Budgeting - Part 1 Glossary/IndexPDF