Browse syllabus-aligned notes for 3.9 Budgets. Open each subtopic for focused explanations, examples, and summaries.
Browse summary cheatsheets for 3.9 Budgets (HL only)
3.9.1 Cost and Profit Centres
9 minute read
3.9.2 Constructing a Budget
7 minute read
3.9.3 Variances
8 minute read
3.9.4 Importance of Budgets and Variances in Decision-Making
Unit 1: Introduction to Business Management - Core operational components and business functions
Unit 2: HR Management - Motivation, Structure, Hierarchy
Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents
3.1 Introduction to finance
3.2 Sources of finance
3.3 Costs and revenues
3.4 Final accounts
3.5 Profitability and liquidity ratio analysis
3.6 Efficiency ratio analysis (HL only)
3.7 Cash flow
3.8 Investment appraisal
3.9 Budgets (HL only)
Unit 4: Marketing Management - The 7 P's, strategies and forecasting
Unit 5: Operations Management - Production Methods, Production planning and management
BM Toolkit - Core business frameworks and tools