© 2011 Sixhills Consulting LtdBudgeting sets a framework within which to manage and evaluate financial performanceBudgeting1. Budgeting Objectives• Planning• Coordination• Communication• Motivation• Control• Evaluation2. Main Budget Types• Revenue Expense• Capital (“Capex”)• Cash flow3. MethodsTop-DownBottom-Up (Zero-based)Last YearThis Year£xx + bxx – b £bLast YearThis Year£x£yUn-connectedP3IT Commercial Skills Development - Part 1
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