P.O.W.E.R. Learning Home
P.O.W.E.R Tools Resources By Chapter Resources By Type P.O.W.E.R Map

P.O.W.E.R. at Work: Budgeting on The Job

Katia Heath is a Senior Associate at Pricewaterhouse. Her role as Senior Associate requires accounting skills that allow her to develop her company's budget. Below she describes the importance of budgeting on the job.

(You will need the free RealPlayer© Basic plug-in to play the audio file. You can download it by clicking here. You do not need to buy anything in order to download the free player. Look for the link that says "RealPlayer© Basic.")

  1. Budgeting is one of the most important aspects of any job. Whether you work for a small company or a large corporation, budgets are deciding factors in almost every business decision. As an accountant, how extensive is your involvement with your company's budget?
     Click here for response

  2. Do you determine the budgets for the departments in you company? If not, who does?
     Click here for response

  3. Planning a budget is a step-by-step project that includes issues such as-identifying financial goals, examining how and where funds are spent, and projecting income. Can you give some insight on how you and/or your company plan the yearly budget?
     Click here for response

  4. Do department managers have any input and flexibility in their final budget number?
     Click here for response

  5. Budgeting is not only a skill used in your professional life, but in your personal life as well. Do you approach your personal finances in the same manner as your professional ones or do you use different techniques? Please explain.
     Click here for response

 

Previous ExerciseChapter 13 ContentsNext Exercise
P.O.W.E.R Tools Resources By Chapter Resources By Type P.O.W.E.R Map