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Posts tagged as “Corporate financce”

Ch03 Budgeting Process

Corporate Finance – Semester 2 BUDGETING PROCESS The following topics will be discussed in this lecture. Budgeting process Purpose / functions of budgets Cash budgets – Preparation & interpretation The Budget Process The Budget process allows the company to: set its fiscal objectives in respect of revenue, expenditure, debt repayment and investment; maintain an effective fiscal control and plan for the coming year and beyond; allocate the available resources, consistent with the Company’s strategic objectives and priorities; fulfill the legislative requirements for the Budget; and Seek authority from Parliament for spending. All Managers have a key role in the budget…