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PSM829Management Sciences2 Unitsintermediate

Budget And Budgetary Procedure

This course on Budgeting and Budgetary Procedure is designed for M.Sc. students in Public Sector Management. It provides a comprehensive overview of budgeting concepts, processes, and control mechanisms within the public sector. The course covers various types of budgets, including master, cash, sales, and production budgets, as well as zero-based budgeting. It also explores government budgeting practices, expenditure control, and the roles of key personnel like the Accountant-General and Auditor-General.

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60h
Study Time
13
Weeks
5h
Per Week
basic
Math Level
Course Keywords
BudgetingBudgetary ProcedurePublic SectorGovernment AccountingExpenditure Control

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Budgeting Concepts

2

Types of Budgets

3

Zero Base Budgeting

4

Government Budgeting

5

Budgetary Control

6

Expenditure Control

7

Capital Budgeting

8

Development Planning

9

Project Performance Budgeting

10

Strategic Decision Making

Total Topics10 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Tutor-Marked Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Final Examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Budget Analyst

Apply your skills in this growing field

Financial Manager

Apply your skills in this growing field

Public Sector Administrator

Apply your skills in this growing field

Management Accountant

Apply your skills in this growing field

Auditor

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

GovernmentPublic SectorNon-Profit OrganizationsFinancial Institutions

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: The Concept of Budgeting

4h

Unit 1: Conceptual Clarification on Budgeting and Budgetary Procedure

2 study hours
  • •Define budget and budgeting.
  • •Explain the role of a budget committee.
  • •Discuss responsibility centers.

Unit 2: Types of Budget

2 study hours
  • •Differentiate between master, cash, sales, production, and capital budgets.
  • •Prepare a simple cash budget.
Week
2

Module 1: The Concept of Budgeting

2h

Unit 3: Zero Base Budgeting

2 study hours
  • •Explain the concept of zero-based budgeting.
  • •Discuss the steps involved in preparing a zero-based budget.
Week
3

Module 2: Government Budgeting

4h

Unit 1: Balanced Budget

2 study hours
  • •Define a balanced budget.
  • •Discuss the problems associated with a balanced budget rule.

Unit 2: Budgeting Process

2 study hours
  • •Outline the stages involved in the budgeting process.
  • •Discuss the role of budget personnel.
Week
4

Module 2: Government Budgeting

4h

Unit 3: Budget Process in Appropriation Bill (1)

2 study hours
  • •Explain the presentation of budget proposals.
  • •Describe the development of draft estimates.

Unit 4: Budget Process in Appropriation Bill (2)

2 study hours
  • •Discuss the appropriation bill and legislative approval process.
Week
5

Module 3: Budgeting and Control

2h

Unit 1: Budgetary Control

2 study hours
  • •Discuss the method of preparing budgets adopted by the various tiers of government in Nigeria.
  • •State the advantages and disadvantages of the incremental budgeting method.
Week
6

Module 3: Budgeting and Control

2h

Unit 2: The Accountant-General of the Federation

2 study hours
  • •Describe the factors affecting the budgeting system in the public sector.
  • •State the objectives of budgetary control.
Week
7

Module 3: Budgeting and Control

2h

Unit 3: The Auditor-General for the Federation

2 study hours
  • •State the powers and functions of the Accountant-General of the Federation.
Week
8

Module 3: Budgeting and Control

2h

Unit 4: Expenditure Control

2 study hours
  • •State the areas the Auditor-General is expected to give his opinion.
  • •State the powers of the Auditor-General for the Federation.
Week
9

Module 4: Budgeting and Strategy

2h

Unit 1: Operational Budgeting

2 study hours
  • •Describe the executive control over budgeted expenditure.
  • •Discuss the legislative control over budgeted expenditure.
Week
10

Module 4: Budgeting and Strategy

2h

Unit 2: Capital Budgeting

2 study hours
  • •Discuss the control over budgeted expenditure exercised by the Ministry of Finance.
  • •Discuss the treasury control over budgeted expenditure.
Week
11

Module 4: Budgeting and Strategy

2h

Unit 3: Budgeting and Development Planning

2 study hours
  • •Discuss the departmental control over budgeted expenditure.
Week
12

Module 4: Budgeting and Strategy

2h

Unit 4: Project Performance Budgeting System

2 study hours
  • •Explain development planning.
  • •Discuss a tool for performing a SWOT analysis.
Week
13

Module 4: Budgeting and Strategy

2h

Unit 5: Strategic Decision Making Process, Implementation and Control

2 study hours
  • •Explain the term project performance budgeting system.
  • •State the steps involved in project performance budgeting system.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all key definitions and concepts from each unit.

2

Practice preparing different types of budgets (cash, sales, production).

3

Focus on understanding the government budgeting process and the roles of key personnel.

4

Master the techniques for capital investment appraisal (payback period, ARR, NPV, IRR).

5

Review all Tutor-Marked Assignments (TMAs) and self-assessment exercises.

6

Create concept maps linking budgetary control and expenditure control.

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