Enter Budget Figures

Why do we need to budget?

We budget in order to control spending and that it does not get out of hand. If a budget is followed, there will be no nasty surprises in the future with regards to financial matters. This can also help reduce wasteful spending that can save a lot of money.

Click on this link to learn more about the various forms of budgets:

http://irish21stcenturystudents.blogspot.ie/2012/07/financial-forecasts-and-budgets.html

What type of budget shall we look at?

Two main types of budget that will be examined. A household budget and a business budget.

Household Budget

Here is an example of a household budget

Just because there is an emphasis on budgets for companies, there are also household budgets. This is very important in life to have a personal or household budget. This will help control money and prevent people from going into debt if they stick to the budget. From the links below you will learn how to enter budget figures into a budget.

Click on this link to see how to design a monthly household budget:

http://www.dummies.com/how-to/content/how-to-create-a-monthly-budget.html

Check out this video on how to create a household budget:

http://www.videojug.com/film/how-to-create-a-household-budget

Click on this video to see how to create and enter budget figures,

How to Create a Budget

Uploaded by 3DBudget on 26 Apr 2011

Business Budget

Here is an example of a company budget

Madeup Ltd. is a newly formed company. It sells hardware goods to businesses and individuals. The company realises that it must design a budget in order to control spending. The company must identify its expenses both fixed and variable. The company will then put in what they would like to spend i.e the budget figures. At the end of the year the firm will have recorded the actual figures spent. The difference will be either an over spend or and under spend. If its an over spend, this does not mean it spells doom for the company. This might mean more goods were bought in order to cope with demand. If there was an under spend, this might mean that business was slow and goods were not needed as expected. 

The same must be done for incomes. The company must budget figures of what they expect to take in and also record the actual take in figures.

Click on this link to learn more about creating a budget for a business:

http://www.entrepreneur.com/article/201670#

Check out this video to learn more about master budgets in business:

Budgeting Process-1 Overview

Uploaded by SusanCrosson on 21 Sep 2007

To learn more about a business budgets check out the other uploads of SusanCrosson on Youtube in the suggestion box.

Process the following adjustments: Accruals, Prepayments, Depreciation, Bad debts, Stock Adjustments

 Accruals, Prepayments, Depreciation, Bad debts

To process the adjustments as stated in the title check out this link which deals with accruals, prepayments, bad debts and depreciation. All information can be found in this link:
http://irish21stcenturystudents.blogspot.ie/2012/08/process-following-adjustments-accruals.html

 Stock Adjustments

Check out this video to learn how to adjust for stock:

adjustments for inventory

Uploaded by andyfrc08 on 22 Oct 2010

Here is a link on determining stock valuation with various methods:
http://irish21stcenturystudents.blogspot.ie/2012/07/stock-valuation-using-various-methods.html

Copy or Backup Data Files

Some strange form of copying...

How do I back up or copy files?
Copying or backing up files is quite simple to do. Scroll down below to learn how to copy or backup files.


Here is a video on how to back up data files:

Back up your files in Windows 7

Uploaded by Scott St. Gelais on 15 Aug 2009

Here is a video on how to copy data files:

Learn Basic Computer Skills : Copying Files in Microsoft Windows

Uploaded by expertvillage on 27 Apr 2007

Level 6 Assignment 1 CV

Title & Code of Module          Communications G30001

Assessment Technique           Portfolio of Coursework

Weighing                                  2%=20

Title                                    CV

Guidelines: 
This should be a “real life” CV, presented on 2 pages and word processed.

Follow appropriate layout for a CV.

Assessment Criteria:
Structure-headings, logical order, reverse chronology, (4)
Essential components- personal details, education, qualifications, work experience, referees etc (4) 
Relevance, consistency, focus on future career and job opportunities (4) Presentation – word processed, two pages attractiveness (8)

Your CV is what sells you. In 2012 in Ireland it is an employers market. You are now in a more competitive market for jobs than in 2006. As a result, you may be competing for a job against someone with 10 years experience. Your potential employer hasn't met you yet and you are one of a bundle of CV's. At this stage your CV and cover letter is the only piece of information they have about you. How are you going to promote yourself? How are you with your CV, going to make the difference between getting an interview or not?
Is there spelling mistakes? Over 80% of CV's have spelling mistakes in them. What signal are you sending out to your employer about you if there are a lot of spelling mistakes?

    Youtube Video

Jobs Club 2: CV Preparation - TV3's Ireland AM with Brightwater

Uploaded by BrightwaterGroup on 20 Aug 2009

Here is a video of a conversation between an interviewer and someone from HR as they are assessing CV's. I thought this clip would be useful so you can see the impact of mistakes which can be made on your CV. It is important to know what is going through the interviewer's mind so you can better identify how to meet their needs.

Youtube Video

Discussion between an HR manager and an interviewer

Uploaded by CIPDPublishing on 24 Feb 2009

Please take a moment to give me some feedback in the comments section

What was difficult in this task?

What did you learn?

Is there anything else that could have been included in the topic to make it easier for you to understand?

Was the topic explained well or not?

Are there any video links from Youtube that may also be useful?
(if so please copy and paste the link in the comments section with a sentence explaining what it is)

Set up Company Parameters eg. Default Accounts, VAT rates

What is a default account?

A default account is an a account that the company uses as its first account. For instance the company selects the default payments account to make payments.

https://www.easternbank.com/hcdemo/help/WebHelp/Definition_default_payment_account.htm

What are VAT rates?

This is a tax that is on good and services. The traders in the supply chain can reduce that VAT paid on purchases. Traders are that are included would be the manufacturer to the retailer. They generally add vat onto the goods/services.

To learn more about VAT and VAT rates check this link out.

http://www.revenue.ie/en/tax/vat/full-intro.html

Perform the Following File Management Functions: Disk Formatting, Copying, backing up Files in a Directory/Folder, Creating a Director/folder, Deleting Files, Copying an External Hardrive or USB,

Disk Formatting

This is a process that prepares a hard drive to be used for data storage.

Click on this link to see how to format a hard disk on Windows XP:
http://www.ehow.com/how_6026_format-hard-drive.html

Here is an example of how to format a hard drive:

How To Format An External Hard Drive For Use With Mac And PC

Uploaded by almostrocketscience on 9 Nov 2010

Backing up files in a directory/folder

How to Back Up Your Files For Dummies

Uploaded by fordummies on 2 Mar 2009

Copying Files

Click on this video to learn how to copy files:

Learn Basic Computer Skills : Copying Files in Microsoft Windows

Uploaded by expertvillage on 27 Apr 2007

Deleting Files

Here is a video on how to delete files on a hard disk:

how to delete files permanently from hard disk

Uploaded by tutorguyz on 11 Jan 2012

Creating a directory/folder

Check out this video on how to create a folder:

Microsoft Windows : How to Create a Folder

Uploaded by expertvillage on 29 Dec 2008

Copying a USB

Here is a video on how to copy files from a computer to a USB:

Copy Files To USB

Uploaded by PricelessVP on 11 Jul 2009

Reconcile Bank Account with Bank Statement

The title above describes how a company balances its account with their bank statement produced by the bank. They rarely balance however to get them to balance is very simple.

Click on this link to learn more about bank reconciliation:

http://irish21stcenturystudents.blogspot.ie/2012/08/prepare-following-debtors-control.html 

Click on this link to have a more detailed explanation of a bank reconciliation:
http://blog.accountingcoach.com/bank-reconciliation/

Click on this video to learn how to reconcile bank account with bank statement:

Become an Accountant : How to Reconcile a Bank Balance

Uploaded by expertvillage on 21 Oct 2008