Budgeting part 1: Introduction to budgeting in the University

Updated

This session covers the theory and practice of budgeting in the University, how to interpret department budget reports and understand the causes of overspends (and underspends) against budgets. The course refers closely to Chapter 3 of the Financial Procedures Manual

Note: This session does not cover the detailed budgeting and rules relating to individual research grants.

This half-day session is designed for University staff with a responsibility for managing against budgets and financial targets, and who control and monitor income and expenditure.

Number of sessions: 1

• Understand why we set budgets
• Explain the University’s budgeting timetable and decision making process
• Setting budgets
• Analyse a budget report and explain why overs/under spends occur “variance analysis”

1/2 day