The Budget Process at RIT, the second workshop in the RIT Accounting Practices, Procedures & Protocol series, will introduce attendees to RIT's annual budget process. In addition, attendees will become familiar with budget terminology as well as the process for funding benefit expenses and ITS chargebacks. Information will also be provided about processing budget entries and the difference between budget and journal entries. Employees who prepare budget worksheets will benefit from information presented in this class. In addition, employees who reconcile department statements and prepare budget journals should attend. Note: this workshop is designed for employees who work in RIT departments. Due to the unique aspects of NTID's federal funding, there is a separate workshop for the NTID budget process (see Workshop II (a)).
Prerequisite: None, though it is recommended that employees attend Accounting Practices, Procedures & Protocol Workshop I: Introduction to Accounting.
* Completion of this course or The Budget Process at NTID is required to obtain your Accounting Series Certificate of Completion.
This session is supported by the RIT Accounting Department.