Due to the economic challenges many institutions of higher education are facing today, and the need to do more with less, budgeting is clearly a very critical item on the agenda. Addressing the problems associated with the budget process and having people working together towards…

In this modern-day, money management has higher level of importance. Budgeting plays an important role in controlling operations in an efficient and effective way. Basically, budgeting is divided into two different entities namely public entities and private entities. It is important to divide budgeting into…