Budget Calculation

Compiles, analyzes and summarizes probable financial income and expenditures over a specific period, as well as allocates funds for a specific purpose within a given time frame.

Key Behaviors:

  • Discusses the purposes and benefits of budgeting
  • Explains the planning and control functions of revenue budgeting
  • Applies strategies to analyze financial statements and uses related information in budget preparation
  • Uses guidelines for establishing effective budget objectives
  • Demonstrates knowledge of various types of budgets
  • Identifies the appropriate budgeting strategies for a variety of situations
  • Explains complex budgeting calculations (i.e. pricing indexes)

Developmental opportunities for this competency are available from the NIH Training Center.