Virtual - Budgeting 1: Introduction to budgeting

This session introduces the theory and practice of budgeting, looking at why and how budgets can be set. Group exercises are used to prompt discussion around the types of costs that should be included in a budget and decision making when setting budgets.

The session will give an overview of the budgeting process in the university and then focus in more detail on practical tools for day-to-day budgeting.

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

This session is designed for University staff involved with setting or managing budgets and financial targets.

Number of sessions: 1

• Understand why we set budgets
• Introduction to some different budgeting methods
• An overview of the University’s budgeting timetable and some university specific terminology
• The types of costs that should be included in budgets
• Practice decision making when setting a budget for an event

2.5 hour webinar with some pre-course reading

• CUFS Training
• Managing Finances