Budget

The Budget Unit’s responsibilities include the following tasks:

• preparation of financial memos to the Board of Directors in anticipation of getting CBS’ annual budget and financial follow-ups approved during the year
• contribution to cross-functional financial analysis and assistance in developing financial strategies for CBS
• preparation of monthly financial updates to the Senior Management
• consolidation of all financial contributions including the quarterly financial updates (Q-updates) from the decentralised units
• preparation of overall income forecasts for CBS, including value added and student fees forecasts
• provision of input to the Finance Act and reports about the activity controlled areas to the Ministry
• contribution to the management of activities and resources especially related to the education area – through controlling of the programmes’ activities and resource allocation
• general controlling and financial management of the departments of the university
• support and education of financial staff across CBS’ departments in budgeting and procedures regarding financial management of the different academic activities and support functions