Participants will learn to understand:
1. The statutory requirements that apply to budget preparation.
2. the function of the budget within the management cycle of the organization.
3. the ned for proper budgeting.
4. the basic steps in preparing an annual operating budget
5. the basic steps in preparing a monthly operating budget.
6. the importance of monitoring the budget and reporting variances in the budget
7. the role that the budget plays int eh resource allocation system.