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The purpose of this lesson is to provide an overview of the budgeting process and the purpose for completing a budget. A sample budgeted Income Statement is provided. Implementation and analysis of the budget is described as well as how to calculate budget variance.

You will develop an understanding of why budgeting is important and how each area of the branch is part of the budgeting process. Topics include:

  • Benefits of budgeting
  • Who completes the budget?
  • The budgeting process
  • Implementation and Analysis
  • Budget variance
reviewed & published
Ledgerwood, J.
finance - lesson 7
Mfi Management, Donors, Budgetary Control