Many terms are associated with a postsecondary budget, several of which are very important in understanding the budget. It is important to understand the meaning of these terms as well as the differences between the various terms to be able to create a successful budget. An example is the difference between an appropriation and an encumbrance. Often, these two are confused with one another. Another important part of postsecondary budgeting includes the knowledge of fixed assets.
In this assignment, you will explore and understand these important budget terms or concepts.
Tasks:
Prepare a Microsoft PowerPoint presentation for the differences between appropriations. Use a minimum of two to three examples of each term in your slides.
In addition, examine the role of fixed assets in the budget process. Use examples of how fixed assets can be important in postsecondary budgeting.
Use the speaker notes section to include points that you would speak in an actual presentation.
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