2. •To understand science of Budget and its various aspects.
•To be aware about process of budget making.
2
www.cuchd.in Campus: Gharuan, Mohali
Course Objective
3. 3
www.cuchd.in Campus: Gharuan, Mohali
Objective of the Topic
• To understand Basics of Budget and its various aspects.
• To be aware about the process of Budget.
4. 4
www.cuchd.in Campus: Gharuan, Mohali
What is Budget?
A budget is an estimation of revenue and expenses
over a specified future period of time; it is
compiled and re-evaluated on a periodic basis
5. 5
www.cuchd.in Campus: Gharuan, Mohali
Process
The process begins by establishing assumptions for the upcoming
budget period. These assumptions are related to projected sales
trends, cost trends and the overall economic outlook of the market
or industry sector. Specific factors affecting potential expenses are
addressed and monitored. The budget is published in a packet that
outlines the standards and procedures used to develop it: the
assumptions about the markets, key relationships with vendors that
provide discounts and explanations of how certain calculations
were made.
6. 6
www.cuchd.in Campus: Gharuan, Mohali
Course Outcome
Basic understanding of budget.
Specification of the budget.
How to make a perfect budget.
7. 7
www.cuchd.in Campus: Gharuan, Mohali
Topic Outcome
•Students gained basic understanding of budget through case
studies
•Students understood conceptual knowledge of budget.
8. 8
www.cuchd.in Campus: Gharuan, Mohali
References
Bowdin, Glenn; Johnny Allen, William O'Toole, Rob Harris, Ian McDonnell. Events
Management (Events Management S.)
Goldblatt, Joe Twenty-First Century Global Event Management (The Wiley Event
Management Series)
References Steve Weinberg, The Reporter's Handbook: An Investigator's Guide to
Documents and Techniques, St. Martin's Press, 1996. Investigative Journalism: Context
and Practice, Hugo de Burgh (ed), Routledge, London and New York, 2000. Ansell et al
(2002) „Investigative Journalism in Africa: Walking through a Minefield at Midnight‟
Reporters without Borders. Itule, Bruce and Anderson, Douglas (2007): News Writing
and Reporting for Today’s Media 7th edition. McGraw Hill New York U.S.A.
