The purpose of the Budget Basics course is to provide participants with an overview of budgeting at the University of Colorado, including components of the budget, the implications of the budget on a fund-by-fund basis, differences and similarities between campuses, and how budgets work in the University's Financial System.
Program Level: Basic
Advanced Preparation: N/A
Instructional Method: Group-Live
Instructor: Nora Sandoval
Recommended CPE Credit: 2.0 Hours
Field of Study: Finance
At the end of the course, participants will be able to:
- Identify major revenue and expense items in the University's budget, both system-wide and on a campus-by-campus basis;
- Explain the implications of budgets from both managerial (how they are used for oversight) and practice (how they work in the general ledger) perspectives;
- Describe the meaning of the budget on a fund-by-fund basis, in particular budget-based vs. cash-based funds;
- Explain how budgeting is different from, but relates to, the accounting function at the University of Colorado; and,
- Identify budgets on financial reports and know how they relate to available resources.
The University of Colorado is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.