Organizational budgeting activities and the main budget

Overview

A budget is a financial outline for planning an organization’s activities and monitoring its performance over a period of time. It helps to allocate resources to an organization and to achieve its financial goals. Organizational budgeting refers to activities that focus on creating organizational and departmental budgets, allocating and using them in monitoring an organization’s activities. department heads, managers, and professionals in an organization work with budgets in one way or another in day-to-day operations, and familiarization with an organization’s core budgeting activities is a requirement at every level.

This course is an overview of the various budgeting activities in an organization and describes how to best organize these activities. The course is also an introduction to the main budget and its components, defines its preparation and shows how various departmental budgets are organized within it.

Target Audience

Financial and non-financial professionals, functional managers, directors and all persons directly or indirectly involved in the budgetary planning and control process of an organization.

Objectives

• Organizational budgeting activities
• analyzing the budgetary approach used in a given scenario
• determining the approach best for estimating budgets in a given scenario
• determine the sequence of budgets that make up the main budget, in the order in which they are created
• match the review and approval activities to their benefits