managing-budgets

Ubss graduate programme and internships are a chance

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Unformatted text preview: ogramme and internships are a chance for you to experience for yourself what it’s like to be part of a global team that rewards your input and believes in succeeding together. Wherever you are in your academic career, make your future a part of ours by visiting www.ubs.com/graduates. www.ubs.com/graduates Download free ebooks at bookboon.com 11 The Budget as a Policy Statement Managing Budgets 2.2 Organizational Structure and Operations One of the first things you can determine from a budget is how the company is organized, and you can also get some indication of how the organization operates. For example, you can determine: What departments exist How those departments are sub-divided, which hints at reporting relationships From personnel expenses, the approximate size of each team What the organization’s objectives might be for each team How the organization uses human resources. For example, do they budget a great deal of money for contract labor? What about overtime? Does the organization provide its own in-house services like technical support, or might it need to hire outside technical assistance? 2.3 Organizational Values The budget document, when read closely, can also tell you a great deal about what an organization values. In other words, where does the organization invest? What does it spend money on liberally and where does it restrict spending? Specifically, you might look for value information by asking yourself questions about the budget like: How much does the organization pay its employees? How much money is budgeted for benefits and retirement plans? Does the organization value training and developing its employees? What about new research and development or marketing? What about technology upgrades and improvements? Is any money budgeted for community outreach or community support? Does the company value diversity and inclusiveness by paying for marketing and support materials in multiple languages? Download free ebooks at bookboon.com 12 The Budget as...
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This note was uploaded on 06/07/2013 for the course BA 201 taught by Professor Cuongvu during the Fall '13 term at RMIT Vietnam.

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