1. In consultation with the accounts department, prepare a draft budget (or, if this is not allowed, a portion of a budget) for the next two financial quarters. You should: O Identify, access, and interpret a variety of data to help prepare your budget O Identify the internal and external factors with the most potential to influence actual income and expenditure O Provide opportunities for colleagues to contribute ideas and negotiate and incorporate modifications Base your budget on organisational objectives . Present your budget to the relevant parties