Information used in budgets
In this lesson, you'll explore the different types of information that feed into budget preparation across departments. You'll learn how past year data typically forms the foundation for incremental and rolling budgets, and discover which internal sources (like manager input and staff numbers) and external factors
This lesson is part of a paid course
Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.
Already bought? Sign in
Ask the AI tutor anything about this lesson
It knows every lesson in the course — explanations, clarifications, practice questions.
In this lesson
- 0:00 Information used in budgets
- 0:08 Budget content varies by department
- 0:14 Past year data as starting point
- 0:25 Internal and external data sources
- 0:41 Compiling information into budgets
About this lesson
(such as pay rates and inflation) you need to gather. Understanding what information to use and where to source it is essential for building realistic, accurate budgets in Performance Management and management accounting roles.
Duration: 1m
Transcript
Every lesson comes with a full searchable transcript - included with the course.
Get the Performance Management course
All 87 video lessons, an AI Tutor in every lesson and lifetime access.
Already bought? Sign in