Bernice Koranteng avatar picture

Bernice Koranteng profile on KingsChat Web

#WinASoulToday - #CeAccraGhanaZone #Vision400

CE Accra Ghana Zone profile on KingsChat Web

BUDGETING - PART 1 In Luke 14: 28-31, we see our Lord Jesus Christ illustrating the concept of Budgeting.   Luke 14:28 – 31(KJV); For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it? Lest haply, after he hath laid the foundation, and is not able to finish it, all that behold it begin to mock him, Saying, This man began to build, and was not able to finish. Or what king, going to make war against another king, sitteth not down first, and consulteth whether he be able with ten thousand to meet him that cometh against him with twenty thousand? What is a Budget? 'A quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. (CIMA Official Terminology, 2005) What is Budgeting? Budgeting is about making plans for the future, implementing those plans, and monitoring activities to see whether they conform to the plan. Essentials of Budget · Organisational structure must be clearly defined and responsibility should be assigned to identifiable units within the organisation. · Setting of clear objectives and reasonable targets. Objectives should be in consonance with the long term plan of the organisation. · Objectives and degree of responsibility should be clearly stated and communicated to the management or person responsible for budgeting. · Budgets are prepared for the future periods based on expected course of actions. · Budgets are updated for the events that were not kept into the mind while establishing budgets. Hence, budgets should be flexible enough for mid- term revision. · The entire organisation must be committed to budgeting. · Budgets should be quantifiable and master budget should be broken down into various functional budgets. · Budgets should be monitored periodically. Variances from the set yardsticks (standards) should be analysed and corrective action taken. · Budgetary performance needs to be linked effectively to the reward system.  The Budget setting Process · Prioritisation of objectives identified in the planning process; · Assessment/quantification of total available resources, both financial and non-financial. The overall corporate budget is likely to include income from several different sources: o direct earnings; o income from investments; o donations; o grants; o other regular income sources (expected tax rebates etc.); o non-recurrent windfalls. · Identification and quantification of the inputs and processes (physical/managerial etc) required to fulfil the stated objectives and the associated financial resource required. · Assignment of proportion(s) of the total resources necessary to acquire/manage inputs to achieve the stated objectives. Each dedicated proportion of the total resource constitutes a 'budget'.   Features of an effective budget To operate as an effective management tool, budgets should have the following qualities. · Fair - There is a significant danger in setting performance targets by reference to previous budgets. Reliance on incremental budgeting can result in a limited awareness of changing operating conditions and relationships. A wider and independent perspective is valuable;   · Participative - All available experience and knowledge should be drawn on as well as increasing the concept of budget ownership;   · Even-handed - Resource allocation decisions should reflect the priority levels set in the planning process;   · Reasonable -  Set at reasonable levels for the achievement of stated objectives;   · Cognitive of the real environment in which they operate -  Budgets cannot be set in isolation from the wider operating environment;   · Supported - By those implementing them.

Business & Ent Unit Ce Accra Zone profile on KingsChat Web

#Vision400 Praise Reports: Kindly like, share and comment. #CeAccraGhanaZone #Vision400

CE Accra Ghana Zone profile on KingsChat Web

Happy Birthday Brother Joseph Dadson. We love and appreciate you dearly. #CeAccraGhanaZone

CE Accra Ghana Zone profile on KingsChat Web

It's CELL MEETING once again. Kindly visit www.ceclfonline.org to download the Bible Study Outline. Cell Meeting is a place of transformation... be sure to invite your souls. Have a glorious meeting! #Vision400 #CeAccraGhanaZone

CE Accra Ghana Zone profile on KingsChat Web

#PhotoSpeaks: Get Acquainted Breakfast Meeting in Christ Embassy LoveWorld Arena Accra for first timers in the month of July. #CeAccraGhanaZone #Vision400

CE Accra Ghana Zone profile on KingsChat Web

Happening Now! A Special Breakfast treat for all first timers in the month of July in Christ Embassy LoveWorld Arena Accra as they get acquainted with our ministry. More to come.. #CeAccraGhanaZone #Vision400

CE Accra Ghana Zone profile on KingsChat Web

Happy birthday My girl. You are a wonder to your generation. The light of the world. You will lack nothing good. I love you so so so much.

Beatrice profile on KingsChat Web

The Royal Prince had a special birthday party #DavidPrinceAt1 #DavidPrinceLawal #TheHavenNation #CeAccraGhanaZone #CeDansomanMain

Oppong Richard Kofi profile on KingsChat Web

The Love of the FATHER #DavidPrinceAt1 #DavidPrinceLawal

Archibold Adenu Awortwi profile on KingsChat Web

Oh no!!! Tell me what manner of Prince is this, the definition of Cuteness....... I am Short of words.... Happy Birthday

Richard Neequaye profile on KingsChat Web

Dear Dad, thank you for all your extraordinary love & prayers for David-Prince.He is indeed a product of your amazing grace and prophecies.

Pastor Biodun Lawal profile on KingsChat Web

Dear Sirs, thank you for your love and prayers for David-Prince Lawal.

Pastor Biodun Lawal profile on KingsChat Web

Dear Esteemed CEO, Thank you for your love and prayers for David-Prince Lawal.

Pastor Biodun Lawal profile on KingsChat Web

Dear Esteemed Pastor Ose, thank you for your love and prayers for David-Prince Lawal.

Pastor Biodun Lawal profile on KingsChat Web

To you oh Lord i give all the praise Yes David-Prince life is for your glory and praise. Happy 1st Birthday to my special gift from God!

Pastor Lisa L profile on KingsChat Web

Happy Happy Happy Glorious Flourishing Birthday Joy. I love you!! #JoyChinebuah

Pst. Wisdom profile on KingsChat Web

Celebrating A TESTIMONY OF THE WORD. Happy Birthday David Prince Lawal. Like the dawning of a new day You are worth more than gold can pay A testimony of the Word in action. A trophy of Grace's production. We love you dearly! #DavidPrinceAt1 #DavidPrinceLawal

CE Accra Ghana Zone profile on KingsChat Web

Happy Birthday Deacon Uche Okugo. Thank you for your immense contribution to the work of the ministry in the zone and beyond. We love and appreciate you dearly. #CeAccraGhanaZone

CE Accra Ghana Zone profile on KingsChat Web

Happy Birthday dear Dcn Uche. More and more grace as you flourish without limits.Thank u for all that u do in our BLW nation.I love u dearly

Pastor Lisa L profile on KingsChat Web

KingsChat logo
Loading spinner