Introduction

A budget is a financial PLAN. It is used for planning, motivation, resource allocation, coordination of business functions, and to steer the business.

A budget can set financial targets and help a business keep on track to meet its goals by estimating the company's expenses and revenues over a specified period of time.



Course curriculum

  • 1

    Program Information & Support

    • Please Check Now That Your Phone Is In Your Bag. Please Stay For 40 Minutes Of Learning & Sign Out For The Bathrrom During The Last 5 Minutes of Class.

    • Only Use The Laptop Assigned To You. Return To Assigned Slot With No Slack Cord.

    • Please Don't Disrupt Our 40 Minute Work Cycle. Leave For The Bathroom During The LAST 5 MINUTES Of Class.

    • Supply Check Is On The First Resource Bank Day Of Each Quarter

    • How Well Are You Demonstrating The IB Learner Characteristics? Which Is Your Super Power & Which Presents The Greatest Challenge?

    • Do You Skip Class?

    • Fact Sheet Packet Of Class Policies- Please Scroll Through And Review Again

    • Meet Your Teacher: Dr. Eva Bogard

    • You Should Do An Internship Every Year Until You Graduate From College

    • Welcome IB Business Management Student

    • Here Is The Master Plan...

    • The IB BM Syllabus Consists Of 5 Units With A Total Of 40 Total Chapters ("Courses") That You Are Responsible For Learning

    • The IB BM Syllabus Consists Of 5 Units With A Total Of 40 Total Chapters ("Courses") That You Are Responsible For Learning

    • The Official IB Business Management Guide & Syllabus

    • The Full IB BM Textbook Is In TEAMS

    • Chapter Work Cycle =The Same 7 Day Format For Each Chapter. You Always Know What We Are Doing In Class & What Is Assigned For Homework.

    • DUE DATES & DEADLINES

    • Late With A Good Reason Is Still Late (Missing Work Submitted After 5 Calendar Days = 0%).

    • Your Makeup Day From An Absence Is The Following Class Day. Read Instructions Carefully & Review Policies When Absent.

    • Finished Early? Don't Pack Up! Do This ...

    • Finished Early? Keep Track Of Current Events In The Business World

    • Business Careers. Which Might Be A Good Fit For You?
  • 2

    The Notebook Project - A Daily Learning & Study Tool

    • Read The Rules For Your Notebook Project Before Every Grading Day. This Paper Must Be Stapled Onto The Inside Cover Of Each Composition Notebook

    • Your Notebook Project Helps You Build Strong Attention To Detail. This Is A Valuable Life Skill.

    • LOOK: Page-By-Page Visual Instructions To Help You Earn a 100% On Every Notebook Project.

    • A 100% Notebook Project Sample - Make Yours Just As Nice.

    • A 100% Notebook Project Sample - Compare Yours.

    • Notebook Checklist & Reflection Sheet (The Blue Sheet). Complete & Staple Onto The Last Page Of Your Chapter Notes BEFORE Scoring Day. This Blue Color Checklist Is Available In Class Or You Can Print It Yourself.
  • 3

    Start Your Notebook Project By Outlining This Chapter. Then Outline A Long IB Exam Answer Using A Spider Map.

    • New 3.9 Chapter = 9 Headings

    • Can You Listen To Music? Yes, But Only If You Follow All The Rules.

    • Review The Instructions For These Two Assignments.

    • LOOK: A Visual Guide For How To Create Your Outline. There Are Also Samples Posted In The Notebook Section Above. Great Attention To Detail = 100%

    • How To Draw A Spider Map

    • Video: Watch A Spider Map Being Created (Best Study Tool)

    • LOOK: This Is What A Great Spider Map Looks Like. Use This Sample As Your Model.
  • 4

    "RESOURCE BANK" = Topic Lessons (35) Begin Below this Point:

    • No Music On RB Days. Plug In Your Ear Buds. Place Them In Your Ears & Use Them To Listen & Learn From The Video Lessons.

    • What is the Resource Bank?

    • SL Learns HL Content

    • Review The Instructions For This RB Assignment.

    • Take Good Notes - These Posts Contain The Content You Want To Write On The IB Exams

    • LOOK: This Is What A Great RB Page Looks Like. Use This Sample As Your Model.

    • Important Detail: Remember To Highlight The RB Section Titles & Number All Posts Consecutively

    • RB = 6 Sections & 35 Posts (= 2 RB Days + HW)

    • What You Should be Able To Do By the End Of This 3.9 Chapter
  • 5

    The Importance Of Budgets

    • Introduction To Budgets

    • Video: A Budget Is A Tool For Every Entrepreneur And Business Owner

    • Handout: Important Basic Key Terms

    • Video: What Examiners Want You To Say About Budgets

    • Exam Tip: Be Able To Explain Budgeting

    • Handout: The 7 Purposes Of A Budget

    • Handout: 5 Potential Limitations Of Budgets

    • Video: Limitations Of Budgeting

    • Remember To Create S.M.A.R.T. Budgets. YOU MUST EXPLAIN WHAT S.M.A.R.T MEANS ON THE PAPER 3 EXAM!
  • 6

    How Are Budgets Used To Run A Business?

    • Video: An Accountant Explains How She Discusses A Budget With A Business Owner

    • Video: Write Down These Top 5 Tips For A Business Budget

    • Video: How To Set Up A Business Budget
  • 7

    Types Of Budgets

    • Handout: Budget Flowchart & The 7 Stages Of Creating a Budget

    • Video: Types Of Budgets

    • Video: What Is A Flexible Budget?

    • Video: What Is A Sales Budget?

    • Video: How To Calculate A Sales Budget

    • Video What Is A Staff Budget?

    • Video: What Is A Production Budget?

    • Video: How To Calculate A Production Budget? (advanced and good for an IA)

    • Video: Take A Quick Look At A Marketing Budget (First 2 Min Only)
  • 8

    Cost Centers Vs. Profit Centers

    • Video: What Are Cost Centers & Profit Centers?

    • Video: There Can be Four Different Finance Departments in a Business!

    • Case Study Video: See How Home Depot Structures Their Profit & Cost Centers
  • 9

    Constructing A Budget

    • Be Prepared: The Senior May Exam Is Using Different Wording

  • 10

    Variance Analysis

    • Handout: There Are 2 Methods For Updating An Annual Budget

    • Video: What Is Zero-based Budgeting?

    • Video: Understanding The Common Criticisms Of Zero-based Budgeting

    • Video: Incremental Budgeting vs. Zero-based Budgeting

    • Handout: Key Concepts Concerning Budget Variance

    • Video: What Is Budgetary Control?

    • Exam Tip: Possible Causes Of Variances

    • Video: How To Calculate Variances On Your IA, EE And Exams

    • Handout: A Worked Example OF Calculating Budget Variances

    • Exam Tip: Link Budgets To Herzberg
  • 11

    Budgets & The CCES Concepts (Creativity-Change-Ethics-Sustainability)

    • Review The Instructions For The CCES Assignment.

    • Read These CCES Definitions. If You Write Them On Your May Exams You Get Credit For Clear Evidence of "Synthesis & Evaluation"

    • Your CCES Assignment Begins At The Top Of A New NB Page: Title= CCES, Then Write 4 CCES Impact Statements For This Chapter Following The Model.

    • LOOK: This Is What A Great CCES Page Looks Like
  • 12

    Case Studies Assignment: This Is Your Practice For The Senior May IB Exams.

    • This Was The Real May 2024 IB BM Standard Level (SL) Paper 2 Exam. Get A Feel For It Now. Know That We Are Preparing For It Every Day In Class & For Homework So You Will Have The Best Chance Of Earning Your Best Score.

    • This Was The Real May 2024 IB BM Higher Level (HL) Paper 2 Exam. Get A Feel For It Now. Know That We Are Preparing For It Every Day In Class & For Homework So You Will Have The Best Chance Of Earning Your Best Score.

    • Exam Tip: Paper 2 Section B (2024-2028)

    • Step-By-Step Instructions For Doing Your Case Studies As Practice For Your Senior May Exams

    • LOOK: This Is What A Completed & Corrected Case Study Analysis Looks Like. Use This Sample As Your Model.

    • See How The IB BM Command Terms Are Organized

    • What Are Command Terms & Why Are They Important?

    • Old Command Terms List = Rules for Answering Test Questions

    • New Command Terms Definitions List (2024+)= Directions for Answering Test Questions

    • Chapter 3.9 Has 2 Case Studies. Complete Both.

    • Finished Early? Don't Pack Up! Do Review Questions & Then Review IB BM Formulas On Quizlet Or Blooket
  • 13

    Review Day Activities + Presentation Day

    • Read & Follow These Review Day Instructions

    • Watch The 3.9 Chapter Review With Mr. L

    • What Should You Do If You Get Stuck On A Question? Don't Skip It! Do This...

    • LOOK: This Is What A Great Chapter Review Page Looks. Use This As Your Model.

    • Here Are The 3.9 Review Worksheets With 7 Tasks & 15 M/C. (Title The Top Of A New Page. Then Label The Tasks And Write The Answers In Your Composition Notebook)

    • Presentation Day Instructions

    • FINISHED EARLY? THERE'S NO TIME TO WASTE! DO THIS ...

    • 3.9 Quizlet

    • Have You Achieved the 3.9 Key Learning Outcomes?

    • You Are Almost Finished!

    • Don't Forget The Last Piece!

    • Finished Early? Don't Pack Up! Do This ...

    • Memorize These 3.9 Exam Formulas
  • 14

    Complete This Section In Your New IB BM Exam Prep Composition Notebook. Make A Divider. Start After Review Day Presentations. It Is Included In Your Final Exam Grade.

    • All Exam Practice Work Goes In Your Special "Exam Prep" Composition Notebook. Do It After Review Presentations & After The Chapter Quiz.

    • Read & Copy This Information Into Your 3.9 Exam Prep: "Understanding The May Exam Format & Learning The Best Paper 2 Strategy"

    • Exam Practice: Variance Analysis

    • Your Final Exam Notebook Is Due On The Third Monday In April
  • 15

    3.9 Quiz Day: Write Your Score In Your Notebook At The Top Of The Shark Tank Page In Red Ink.

    • Come Here On Quiz Day If You Are In The Classroom - Makeups Are On The Day You Return

    • After This 3.9 Quiz Complete The 3.9 Tasks In The Official IB BM May Exam Prep Course

    • Did You Finish The 3.9 Exam Review & Practice?

    • Blue Sheet Instructions. Pick Up A Blue Checklist & Reflection Handout To Complete & Staple Into Your Notebook

    • Due Today On Quiz Day (Before Midnight) Is Your Completed Chapter Notebook Project
  • 16

    You Finished The IB BM Textbook!

    • You Have Finished The IB BM Syllabus! You Are Now A Skilled Independent Learner Ready For College!

    • Direct Link To The Exam Prep Course

    • Paul Hoang's Website
  • 17

    RHS Resiliency Videos

    • Interagency Support - 19 Minute April Lesson (Per.4)