Written Report - Educ. 207 Maria Shiela L. Lozada
Written Report - Educ. 207 Maria Shiela L. Lozada
Written Report - Educ. 207 Maria Shiela L. Lozada
Morong, Rizal
BUDGET
Is a systematic method of allocating financial, physical, and human resources to
achieve strategic goals.
Companies develop budgets in order to monitor progress toward their goals, help
control spending, and predict cash flow and profit.
BUDGETING
Is the translation of programs, projects and activities into their resource
requirements which are expressed in monetary financial terms.
It allocates resources to specific actions deemed necessary to achieve
predetermined objectives.
Additionally, a time element is introduced within which resources are made
available and activities are to be carried out.
STEP 4
Preparation of the budget in accordance with the mandated form and content
spelled out in guidelines issued for this purpose.
STEP 5
Securing official authorization to allocate and use resources.
DEVELOPING MONITORING AND EVALUATION SCHEME