Prof. Francis Iyoha Dean, CBSS. 1.Introduction 2.Key words 3.Purpose of Budgets 4. Achieving Budget...

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Prof. Francis Iyoha Dean, CBSS

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 Budget  Budget Discipline  Sustainable Development

Transcript of Prof. Francis Iyoha Dean, CBSS. 1.Introduction 2.Key words 3.Purpose of Budgets 4. Achieving Budget...

Page 1: Prof. Francis Iyoha Dean, CBSS. 1.Introduction 2.Key words 3.Purpose of Budgets 4. Achieving Budget Discipline.

Prof. Francis Iyoha

Dean, CBSS

Page 2: Prof. Francis Iyoha Dean, CBSS. 1.Introduction 2.Key words 3.Purpose of Budgets 4. Achieving Budget Discipline.

1.Introduction2.Key words3.Purpose of Budgets4. Achieving Budget Discipline

Page 3: Prof. Francis Iyoha Dean, CBSS. 1.Introduction 2.Key words 3.Purpose of Budgets 4. Achieving Budget Discipline.

BudgetBudget DisciplineSustainable Development

Page 4: Prof. Francis Iyoha Dean, CBSS. 1.Introduction 2.Key words 3.Purpose of Budgets 4. Achieving Budget Discipline.

The purpose of a budget might be to: Compel Planning Communicate Ideas and Plans Co-ordinate Activities Establish a System of Controls Motivate Employees Authorize Actions Evaluate Performance

Page 5: Prof. Francis Iyoha Dean, CBSS. 1.Introduction 2.Key words 3.Purpose of Budgets 4. Achieving Budget Discipline.

Identify Budget centres/hierarchy of budget centres

Establish clear responsibilities Identify principal or key budget factor(s) Identify all sources of inflows and outflows Determine capital and recurrent

expenditure relationship Prepare the budget (be realistic) Implement and monitor Investigate all variances Revise (if necessary)