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Bring your financial planning to life

Match the statements

Match the statements

In the questions below, only one of the actions correctly applies to the statement. See if you can match the correct action with each statement.

1. Budgeting is a key financial planning tool to understand how much cash will be needed in the future.

Cashflow planning is done by using cash on hand now plus budgeted income less budgeted expenses for the rest of the year.

Strategic goals can be broken down into key projects against which a budget can be created.

Historical financial information can give good insights for annual budget planning.

2. It is important for an organisation to ensure their annual budget aligns to the organisation's mission.

Cashflow planning is done by using cash on hand now plus budgeted income less budgeted expenses for the rest of the year.

Strategic goals can be broken down into key projects against which a budget can be created.

Costs should be monitored and controlled using a monthly financial report giving a list of expense items.

3. It is important to compare the planned budget to the previous year accounts to check that we've covered everything.

Historical financial information can give good insights for annual budget planning.

It is necessary to understand the expectation of donors on what proportion of our funds are allocated to what program activities.

Costs should be monitored and controlled using a monthly financial report giving a list of expense items.

4. Categorising expenses can help us get better insight into whether we are managing our finances effectively.

Strategic goals can be broken down into key projects against which a budget can be created.

Cashflow planning is done by using cash on hand now plus budgeted income less budgeted expenses for the rest of the year.

It is necessary to understand the expectation of donors on what proportion of our funds are allocated to what program activities.

5. Actual expenses for the year to date should be compared to the budget for the year to show where we are over or under budget.

It is necessary to understand the expectation of donors on what proportion of our funds are allocated to what program activities.

Strategic goals can be broken down into key projects against which a budget can be created.

Costs should be monitored and controlled using a monthly financial report giving a list of expense items.

Course units

Unit 1: The life in a budget

Introduction: The power of financial planning

Importance of budgeting with Janie Oliver

Healthy budgeting assessment

Ideas to bring your budgeting to life

Match the statements

Unit 2: Plan your cash

Cashflow planning with Janie Oliver

Linking budgeting and cashflow planning

Ideas to maximise your cash planning

Unit 3: Course Conclusion

Course evaluation

Offering

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The 9D Assessment

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