So diba alam naman natin that the business and organization needs to create budgets para maaccount yung

mga
upcoming expenses at para madetermine ang pag gamit nito sa revenue. Yung Budgets kase it can take a number of
forms base sa need and financial situation ng isang organization. So yun ngang 2 common types ng budgets ay yung
operating budget and financial budgets. Yung dalawang type ng budget na yon, meron silang different use sa
organization.

So now that we already know the concepts of budgeting specifically the operational budgeting, we will now move on
to the financial budgeting.

Financial budgeting is a process kaya meron itong series of activities. This set of activities will be followed in order to
prepare a well managed budget. Ito ay isang proseso in order to create a plan to spend money. Generally, this process
allows people to balance expenses with the income.

Bilang mga estudyante, when it comes to financial aspect, we can plan our ‘baon’ so that we can make sure that it is
enough to pay our snacks, lunch, and school stuff which will be our expenses. This plan can be used as a tool in
order to decide the financial activities to be done or chosen for the future. Isipin natin na ang time ay parang yung
money and schedule is our plan or parang yung budget. To be able to study all our subjects in a limited time, we must
follow our schedule on what to study for a particular time to ensure that maaaral natin lahat and that there will be
enough time for each subject.

Sa accounting naman or in any business, it is important to ensure that the budget for a particular plan is not
exceeded and is properly managed para may enough money for all our financial activities and para hindi tayo
maubusan ng pera.

Maihahalintulad natin dito ang ating pag-aaral. Para balance, maaari nating sabihin na yung mga income are those
learnings that go inside our heads and that the expense is when we apply this knowledge outside our minds. To be a
successful student, we must learn that we can apply something like financial budgeting which in our analogy can be
how we utilize our learning. This is in order to ensure that there is a balance between learnings and application.

Having financial budgeting, one can determine whether he or she have enough money to do things. According to
Barrons dictionary, financial budget is a plan including a budgeted balance sheet which shows the effects of planned
operations and capital investments on assets, liabilities, and equities.

Sa pagpaplano o financial budgeting, napakahalaga pag cocompare ng balance sheet kasi dito mo malalaman kung
yung actual balance sheet ay naayon ba sa budgeted balance sheet mo. Importante halimbawa satin na mga students
na gumagawa tayo ng plan or notes or yun ngang schedule or checklist, it is really important para rin matrack mo yung
mga ginagawa mo just like how you can track your financial transactions. So kunwari nakalagay sa notes mon a dapat
ngayong araw tapos mo na basahin ang chapter 1 or dapat nakapag bayad ka na ng kuryente niyo ganun, dapat
syempre pagtingin mo pagkatapos ng araw na yon dapat makikita mo na nagawa mo lahat ng dapat mong gawin.

Financial budget usually has three parts - the cash budget, the budgeted balance sheet, and the budget for capital
expenditures. Cash budget often shows the inflows, outflows, and net cash flows. So sa atin ano ba yung mga inflows
natin or yung mga pumapasok satin, diba yun yung learnings na tinuturo sa atin or yung inaaral natin. So dapat alam
natin kung paano imanage yung mga learnings na natutunan natin. Dapat hindi lang natin to basta nabasa or nakinig
dapat alam din natin kung paano iapply yung mga learnings na yon. Dapat yung pag aaral natin ngayon dapat planado,
dapat yung pag rereview natin para na sa ating pag take ng board exam. Dapat hindi lang natin iniisip yung pag pasa
sa mga quizzes ngayon dapat were looking forward na sa ating board exam.

Sa business, yung cash budget ay ayun ngang pag budget mo ng expenses mo or yung mga ilalabas mong cash na
mula naman sa mga nareceive mong cash. Dapat yung cash mo ay properly managed yung mga hindi naman kailangan
pagkagastuhan ay hindi na dapat.

Next part ng financial budgeting ay ang budgeted balance sheet which is the outcome of a number of other budgets
present in the budgetary process. Ang budgeted balance sheet, pinapakita niya yung kakalabasan ng lahat ng accounts
kung yung actual performance ng isang business ay nag matched sa budgeted estimates. Ang example ng budgeted
balance sheet ay yung planned schedule natin. Dapat lahat ng gagawin natin ay aligned dun sa nakaplan na actions
natin. Kung nakaplanong mag aaral, mag aaral walang facebook. Iwasan dapat lahat ng destructions. Stay focused on
your goal.

The capital expenditures budget includes purchasing capital assets. At ito naman ay parang pag iinvest mo sa long
term assets or projects. Example na nga ay yung pagiging CPA mo. How much should a person must invest para
maging CPA. Hanggang saan ba yung kaya mong isacrifice para makuha mo yung goal mo. Kung dapat lang na
isacifice mo ang time mo, ang mga hobbies mo then let it be. Kasi alam natin kung anong goal natin. Alam naman natin
ang kapalit ng pagiging cpa natin diba. Alam nating sobrang worth it or kulang pa ang mga sacrifices natin pag nagging
cpa na tayo.

In general, there are five important steps in financial budgeting. First is of course is to determine the flow of informations.
Second is to decide what is going to be measured. So sa atin kunwari gusto natin imeasure kung nagging effective baa
ng pag aaral natin for the last sem. We should gather data based base sa mga nagging operation or sa mga nagging
action. Pano yun titingnan natin kung alam talaga natin yung concepts. Kung naaply natin, mag sasagot tayo ng mga
problems na kahit pagbali baligtarin dapat alam natin kung paano isolve. Dahil don mamemeasure natin ang ating
sarili.

Next is to gather historic data by gathering sales information and expense information. Kunwari sa atin, yung mga
nakaraang scores natin

Fourth step is to make projections wherein based on the budget, the firm or company will project its performance for
the coming year or future to see if the financial budget is suited for their future activities.

Financial budget is an important concept since this is structure to detail projections on incomes and expenses on both
a long-term and a short-term basis. It is a powerful tool in order to measure how the firm is doing when it comes in
meeting its financial goals. It provides stability in the company that allows it to successfully address all aspects of its
operations. So, one must really give a high importance in preparing for their financial budget for it can be a way to
have a successful business or operations