What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills?

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What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills?

What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills?

During this course, you have become familiar with a number of different types of budgeting and examined their preparation and uses. Consider the information you have been given. As a manager, you might not have to construct a budget, but you will be required to provide input in its creation or work with a previously constructed budget.

In a 1- to 2-page paper, respond to the following:

  • What is the importance of budgets for organizations in today’s global economy?
  • There are many assumptions that go into the preparation of a budget. What are some of those assumptions and how will you gather reliable information to make more accurate assumptions?
  • What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills? What resources will you consult for information?
  • What did you learn in this course that is most important to your future as a manager? How will you apply your newly acquired knowledge in your profession?
  • After taking this course, how will you approach your role as a manager differe

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