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.

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