How to Prepare a Financial Budget | Managerial Accounting

Done correctly, budgeting helps organizations develop and communicate goals, and ensure they have enough cash flow to meet their commitments. Let's learn how to prepare a financial budget. We'll learn why budgeting is important to an organization, and do a deep dive on financial budgets: master budgets, cash budgets, budgeted balance sheets, budgeted statements of cash flow, and capital budgets.

About Chegg:
Chegg is a leading education technology company that provides students with affordable and accessible study resources. Chegg's mission is to help students save time, save money and get smarter.

00:00 Intro
01:24 Purpose and role of budgeting
02:06 Key elements of the financial budget
03:32 Common misconceptions
04:20 Exercise