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SITXFIN 003 Managing Budgets

Managing Budget as per the course SITXFIN 003 Managing Budgets means that team heads authorize expenses as per the budget that was submitted and approved. It also means that the department authorities monitor the amount of spending with the budget to make sure that spending should not be more than the budget

Following are the 3 types of budgets under course SITXFIN 003 Managing Budgets:

  • A balanced budget
  • Surplus budget
  • Deficit budget

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