Budgeting

This topic focuses on the essential financial planning skill of creating budgets for farm enterprises. Learners will describe different types of budgets and learn to prepare an enterprise budget and a cash flow budget. This practical financial competence is crucial for the CBC's entrepreneurship and farm management strands. It is vital for ECZ examination questions that require learners to draft simple budgets, forecast expenses and income, and understand the importance of financial planning for the success and sustainability of a farming business in Zambia.