Lesson 11 - Back To The Budget

Learning Objectives

To

  • highlight the need to provide for unexpected circumstances
  • demonstrate that a budget is a fluid construction which needs to be revisited and reworked when appropriate

Learning Outcome

By the end of this lesson students will

  • understand about providing for contingency
  • have practiced redrawing a budget in the light of an unexpected occurrence

Required Resource

Visit our Resource Centre to download the following:

  • World tour balance sheet
  • Chris and Robin case study and budget sheet
  • Lesson outline
Lesson 11 - Back To The Budget
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Prudential plc is a company incorporated and with its principal place of business in England, and its affiliated companies constitute one of the world's leading financial services groups. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world. It has been in existence for over 168 years and has £599 billion in assets under management (as at 31 December 2016). Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.

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