BEM – Financial management and the budget . Lim Sei Kee @ cK. Q. Define Income and Expenditure. What are the examples of income and expenditure of events management? Is it important to have a budget? Why or why not?. Introduction.
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Lim SeiKee @ cK
both a forecast of what is intended to happen and a record of what is happening
(or, after the event, of what had happened),
acts as a means of comparing the forecast with the reality and sets targets that the organizers can strive to achieve.
because it should help to establish clear lines of responsibility about who can or cannot spend money.