Characteristics of budgeting process

Characteristics of budgeting process

1. behind budget process - limiting factors

2. The budget cycle

   • Communication of objectives
   • Identification of key limiting factors
   • Preparation of functional budgets
   • Coordination of budgets
   • Preparation of the master budget
   • Ongoing review of budgets
   • Authorisation and implementation

3. Budget development

   • The budgetary period
   • Preparing the budget
   • the budget committee
   • review procedure
   • coordination
   • coordination and communication