Unit Six: Principles of Budgets in a Business Environment

Unit six: Principles of budgets in a business environment Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document, either onto your computer or a USB drive • Then work through your Assessment, remembering to save your work regularly • When you’ve finished, print out a copy to keep for reference • Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with your name, the course title and the Unit and Assessment number. Please note that this Assessment document has 7 pages and is made up of 3 Sections. Name: Section 1: The purpose of budgets This section will …show more content…

The budgets process could help to spread resoursces that increase the skill to get best outcome. Now that you have completed Section 1 of your Assessment, remember to save the work you have done so far – you will need to send your work to your tutor for marking once you have completed all 3 Sections of this Assessment. Section 2: How to develop budgets This section will help you to evidence Learning Outcome 2: Understand how to develop budgets. |Learning objective |Place in Assessment | |2.1 Explain the purpose of agreeing the format in which a budget will be presented |Question 1 Page 2 | |2.2 Explain the purpose of using estimations when developing a budget and ways of doing so |Question 2 Page 3 | | |Question 3 Page 3 | |2.3 Explain the purpose of identifying timescales, priorities and financial resources needed |Question 4 Page 4 | |when preparing a budget and ways of doing so |Question 5 Page 4 | |2.4 Describe the purpose of negotiating and agreeing a budget |Question 6