Prof. Francis Iyoha Dean, CBSS. 1.Introduction 2.Key words 3.Purpose of Budgets 4. Achieving Budget...
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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...
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Prof. Francis Iyoha
Dean, CBSS
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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.](https://reader036.fdocuments.in/reader036/viewer/2022081806/5a4d1b777f8b9ab0599b79c1/html5/thumbnails/3.jpg)
BudgetBudget DisciplineSustainable Development
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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
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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)