£16.99

Managing the Devolved Budget 2nd Edition
[HB2 002]

Managing the Devolved Budget 2nd Edition
A simple guide to effective budget setting and control

This book is one of a series of books entitled Essential Skills for the Public Sector. It's target readership is any person in the public sector who manages a budget. It covers the process of devolvement; preparing budgets; controlling and monitoring budgets; understanding financial information; and the link between management and financial responsibility. The style of the book encourages self-development and continuous improvement with the inclusion of skill based exercises, and practical self-assessment activities. The style is simple, easy to read, and accessible to staff at all levels within an organisation. Managing and being responsible for public funds is one of the most important tasks of a public sector manager, particularly in the current environment where budgets are constrained and in many cases reducing. This is an area of skill and knowledge that cannot be taken for granted, as many public sector managers will have had no formal training in this area. It is an ideal text to assist managers become more effective and efficient in the way in which they undertake budget management. The outcome being improved value for money services which benefit the whole community.   

Size: 150 mm by 210 mm
156 Pages
ISBN : 978 1899448 722
The book covers the following areas:

DEVOLVING THE BUDGET 
What is Devolvement? 
Why Devolve Budgets? 
The Devolvement Process 
Commonly Devolved Budgets 
Level of Devolvement 
Being Responsible for a Devolved Budget 
Summary 

SETTING THE BUDGET 
What is a Budget? 
Business Plans 
Budget Setting Cycle 
Key Elements of a Budget 
Budget Setting Techniques 
Application of Budget Setting Techniques 
Profiling Budgets 
Common Budget Setting Practices 
Summary 

BUDGETARY CONTROL 
Monitoring and Managing the Budget 
Budgetary Control Process 
Variance Analysis 
Establishing Actuals 
Commitment Accounting 
Reasons for Variances 
Projecting the Outturn 
Virement 
Taking Corrective Action 
Controllable and Uncontrollable Budgets 
Controlling Income Budgets 
Summary 

FINANCIAL MANAGEMENT INFORMATION 
Management Accounts 
Reporting Styles 
Using the Financial Management Information 
Summary 

MANAGEMENT AND FINANCIAL RESPONSIBILITY 
Management Responsibility 
Financial Responsibility 
Linking Management and Financial Responsibilities 
Accountability 
Summary 

COMMON PROBLEMS IN MANAGING A DEVOLVED BUDGET ANSWERED

 

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