BET: Steps of Budgeting

For the past week, we have been learning about Budgeting in Business Studies. We learnt about financial Values, goals and how to budget. Budgeting is a plan which enables people to overview their spendings and expenses, it is balancing your expenses with your income. Budgeting is a plan for often a year and it includes planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.

Today we were to either make a flowchart or prezi. I decided to make a flowchart explaining the different steps of budgeting. 

Reflection:

This task was fairly easy to complete, the easiest part of it was finding the information. A simple google search helped with finding a step by step of budgeting. The hardest was learning how to use the the site, Visme, since I've never used it before. It was a bit nerve recking to use the format I chose, so if I were to do this task again, I would use a different templet.

Thank you reading my blog post.

Source:

Six steps to budgeting

Ms Eastwicks budgeting slide show