Reference no: EM131196276
Assignment: Budget Planning and Control
Use the Internet and / or Strayer databases to research budget planning and control. Imagine that the company that you currently work for, have previously worked for, or would like to work for in the future has tasked you with preparing a budget plan.
Write a three to four page paper in which you:
1. Describe the company that you currently work for, have previously worked for, or would like to work for in the future. Determine at least two compelling reasons that this company should prepare and manage a budget. Predict the two most likely positive and negative financial outcomes for this company if it properly or improperly performs effective budgeting.
2. Outline a high-level budget plan for the company. In your high-level budget plan, recommend the most appropriate budgeting phases for the company.
3. Propose two methods and techniques that the company should use to manage its budget over time in preparation for the fact that budgets are ever changing. Justify your response.
4. Imagine that the company is facing a financial challenge that is causing the actual amounts of money that it spends to become significantly off target from its budgeted amounts. Prepare an action plan to resolve the budget misalignment. In your action plan, recommend at least one budgeting technique to resolve the budget and actual discrepancies. Provide a rationale for your response.
5. Use at least three quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required page length.
The specific course learning outcomes associated with this assignment are:
• Evaluate management control systems and examine their relationship with accounting and planning, including feedback and non-?nancial performance measurements.
• Evaluate decision making tools for capital investments, budgeting, and budgeting controls.
• Analyze financial accounting tools and techniques that convert financial accounting data into information for decision making.
• Use technology and information resources to research issues in financial accounting for managers.
• Write clearly and concisely about financial accounting using proper writing mechanics.
Random and without replacement from the box
: A box contains 4 one-dollar bills and 3 five-dollar bills. You choose six bills at random and without replacement from the box. Let T6 be the amount you get. What is Var(T6)?
|
What is critical thinking
: What is critical thinking and how is it distinguished from non-critical thinking?- What is the importance of critical thinking and critical writing in the conduct of academic work?
|
Savings per mile for the eight mile extra? trip
: Stan Moneymaker needs 13 gallons of gasoline to top off his? automobile's gas tank. If he drives an extra eight miles? (round trip) to a gas station on the outskirts of? town, Stan can save ?$0.06 per gallon on the price of gasoline. Suppose gasoline..
|
What is the initial magnitude of the acceleration imposed
: Later, discs 2 and 3 touch and charge is exchanged. How much charge is exchanged once the charges on each disc reach an equilibriumWhat is the initial magnitude of the acceleration imposed on the second disc? The charge on the first disc is 1.5 mC...
|
Propose two methods and techniques that company should use
: Propose two methods and techniques that the company should use to manage its budget over time in preparation for the fact that budgets are ever changing. Justify your response.
|
Government action intended to alleviate market failure
: Analyze a recently published article that deals with a government action intended to alleviate a market failure. Evaluate this decision in light of the potential or realized unintended consequences and the role that transaction costs play in the mark..
|
Write the abstract of given paper
: Write the abstract of given paper using APA format?- The topic is: "Improvements to Increase the Quality of Healthcare".
|
Propose the hypothesis structure
: Select one (1) project from your work environment or hobby that you would use the hypothesis test technique. Next, propose the hypothesis structure (e.g., the null hypothesis, data collection process, confidence interval, test statistics, reject or ..
|
How would you carry out the feedback process
: Describe the organizational design features - structure, HR processes, leadership present in the case study organization. How would you assess Jack Lawler's entry and contracting process at B.R. Richardson? Would you have done anything differently?
|