Preparing and Managing Budgets


All budgets are a type of plan or guide that is based on the fact that your organisation has goals that it wants to meet. And in pursuing these goals, it will also want to maintain its current position. So you have to budget for continuing operatioons as they are in addition to whatever else you plan to reach for.


When you are responsible for managing a budget, there could be several ways in which this responsibilty affects your work, In any management position:

  • You must remain aware what you are spending and what type of spending it is.
  • You must pay attention to what the limits on your spending are in each category.
  • You will need to watch the budget for any areas of concern, such as running out of money in a fund before  the budget year is over.
  • Whether or not you need to make a request for additional.


If you are responsible for generating revenues, then you also want to pay attention to :

  • How well the revenues you are generating are correlating with the revenues that you are budgeted to earn in a given year.
  • Whether or not you have the resources you need to generate that revenue


Some of the courses covered include:


  • The Budget as a policy statement.


  • Organisation Structure and operations.


  • Financial Information related to the Budget


  • Bookkeeping and the Budget.


  • What the Balance Sheet tells you.


  • Cash Flow Statements.


  • Budgeting for Projects.



This course is a must read for anyone who wants to understand the basics of business and project budgets in simple precise and comprehensive meaning of Budgets.






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