The role and importance of budgeting

Who sets the budget for a corporation to operate, how is it developed and which costs are fixed or variable? Learn more about these topics and what other questions directors should be asking when looking at a budget. 

You'll learn about

This workshop will cover topics including:

• the role and importance of budgets
• who sets the budget, including the role of the board and the CFO
• the steps in developing a budgeted income statement
• cost behaviour, including fixed and variable costs and how they impact on the budget
• typical questions directors should be asking when a budget is presented to them
• investigating variances 

Who should attend

• Directors and treasurers of Indigenous corporations
• Budget preparers, such as CFOs and accountants of Indigenous corporations

What you’ll receive

• Plain-language training from an Accounting Lecturer with an opportunity to ask them questions
• Copy of training materials

Format

Online

Length

1 hour

Maximum number of participants

30

Facilitator

This workshop will be presented by Mr Stephen Marsden, a Lecturer in the School of Accountancy at the Queensland University of Technology’s Business School. 

Costs

Free. ORIC covers costs of delivering the workshop.