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Budget managers evaluate the financial needs of programs, develop organizational budget strategies, and make presentations before top executives. During the developmental and implementation stages of the budget process, they may review proposals, prepare financial documents, and make sure that the organization remains in compliance with financial goals, final budgets, and industry regulations. They may also provide financial advice or estimate future revenues. They prepare, administer, and direct the control of the budget. They review and approve recommendations for financial planning and control. They monitor divisions and subsidiaries adherence to budgets. They develop, implement, and integrate financial practices across multiple organizations and locations.
They analyze financial projections and assist managers in developing budget proposals.
Budget Managers plan and execute financial analyses and reports including operational and capital budgets, financial statements, statistical reports, cost analyses and other information for management. They provide detailed business analysis through determination of key performance indicators and financial models. They create solution-based tools, analysis, and process to support the business.
KEY SKILLS REQUIRED:
SOLID UNDERSTANDING OF ACCOUNTING REPORTING SYSTEMS - Quantitative Aptitude,Financial Accounting
STRONG ANALYTICAL SKILLS - Abstract Reasoning
EXCELLENT VERBAL AND WRITTEN COMMUNICATION SKILLS - Verbal Ability and Verbal Reasoning
MUST PROVIDE PERSPECTIVE AND INTERPRETATION OF BUSINESS PERFORMANCE - Logical Reasoning and Financial Management
VERBAL ABILITY
Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English.
VERBAL REASONING
Reading comprehension indicates an ability to comprehend and reason with the concepts on a written page.
QUANTITATIVE APTITUDE
Quantitative ability will indicate analytical thinking and problem-solving ability.
LOGICAL REASONING
Logical Reasoning is assessed through
• Statement/Conclusion
• Cause /Effect and
• Statement/Fact questions
These questions will indicate the quality of deductive reasoning and inductive reasoning which contribute to Critical thinking ability.
ABSTRACT REASONING
Abstract reasoning will indicate the ability to think clearly, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize.
The Budget Manager Aptitude Test Consists:
