NAME OF STUDENT

MAED-EDUCATIONAL MANAGEMENT
Introduction
School head is a financial officer.
He/she is a financial resource manager.
One of the tasks he/she faces as a financial
officer is preparing a budget. A budget is a
tool used for planning and controlling your
financial resources. It is a guideline for
your future plan of action, expressed in
financial terms within a set period of time.
A budget does not have to be complex.
 Budgeting is the basis for all
business success. It helps with both
planning and control of the finances
of the business. If there is no control
over spending, planning is futile and
if there is no planning there are no
business objectives to achieve.
Today, let us join hands as
we get to what budgeting
is about.
ISSUES
1.What is budgeting?
2. What is a budget?
3.Why is budgeting important?
4. What are the functions of
budgeting?
5. What are the budgeting
techniques?
Conclusion
Budgeting identifies current available capital, provides an estimate
of expenditure and anticipates incoming revenue. By referring to the
budget, businesses can measure performance against expenditure and
ensure that resources are available for initiatives that support business
growth and development. It enables the business owner to concentrate
on cash flow, reducing costs, improving profits and increasing returns on
investment.
Budgeting is the basis for all business success. It helps with both
planning and control of the finances of the business. If there is no control
over spending, planning is futile and if there is no planning there are no
business objectives to achieve.