Business Studies Recap Day 22 - Budgeting

On day 22 of our Year 12 Recap we are looking at how businesses go about budgeting and planning for the trading year ahead.

Budgeting is the process of setting financial targets to ensure that the business has the best chance to convert its corporate strategy into reality. However, for many businesses budgeting is a complicated process which involves a specific and complex methodology to assign budgets for individual departments and across the entire business. 

Here Jack guides you through the revision slide on business budgets: