Course Description
This course is concerned with providing the student with an understanding of the purpose of a budget and the budgeting process. It identifies the components of a budget and describes their relationship. It will discuss the differences between a capital budget and an operating budget and will discuss the relationship between the budgeting and planning process. The differences between budgets developed by publicly owned organizations and government organizations will be described, as will the differences between budgets developed for organizations that produce goods and organizations that deliver services. There is also a discussion of the role a budget plays in measuring performance of an organization. Key steps in developing and managing a budget for a government organization whose primary role is to deliver services are suggested.

Learning Objectives
  • Define the purpose of a budget
  • Define the difference between a capital budget and an operating budget
  • Identify the components of a budget and describe their relationship
  • Identify the relationship between the budgeting and planning process
  • Explain the key differences between budgets developed by publicly owned organizations and government organizations
  • Explain the differences between budgets developed for organizations that produce goods and organizations that deliver services
  • Explain the role a budget plays in measuring performance of an organization
  • Define the key steps in gaining budget approval
  • Define the key steps in developing and managing a budget for a government organization whose primary role is to deliver services