On the topic of various budgets that are prepared by a company or organization. The process...
On the topic of various budgets that are prepared by a company or organization. The process of budgeting is actually similar to how we budget in our own individual, personal lives. Discuss your own budgeting process (please address each of the bullets below):
- How do you budget your own finances? You don't have to give exact amounts and details, just an overview of your process and various groups of expenses that you have to consider.
- Which of your expenses are fixed? Which are variable? Do you have any mixed expenses?
- Can you utilize any of the methods or considerations found within this unit, in your own personal budget process? If so, how would you utilize them?
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On the topic of various budgets that are prepared by a company
or organization. The process...
1) What is your understanding of a budget. How can budgeting be useful to an organization? Please use your own words and do not provide a textbook definition of budgets. Consider the concept and inter...
1) What is your understanding of a budget. How can budgeting be useful to an organization? Please use your own words and do not provide a textbook definition of budgets. Consider the concept and interrelationships of budgeting, variance analysis and strategy. Searching in our 1004 page pdf book you will see highlights of the personal perspective to budget low so you come in high, budget high
Budgeting is important for both businesses and individuals. Are you involved with budgeting at your work?...
Budgeting is important for both businesses and individuals. Are you involved with budgeting at your work? Please give details. If you are not involved with budgeting at work, please give examples of how an individual might budget. Do you budget your revenues/expenses on a regular basis? Do you use any sort of ‘APP’ or other software to help you track your budgeting/finances?
Both the budget process and budgets themselves can impact management actions, both positively and negatively. For...
Both the budget process and budgets themselves can impact management actions, both positively and negatively. For instance, a common practice among not-for-profit organizations and government agencies is for management to spend any amounts remaining in a budget at the end of the budget period, a practice often called “use it or lose it.’’ The view is that if a department manager does not spend the budgeted amount, top management will reduce next year’s budget by the amount not spent. To...
Both the budget process and budgets themselves can impact management actions, both positively and negatively. For...
Both the budget process and budgets themselves can impact management actions, both positively and negatively. For instance, a common practice among not-for-profit organizations and government agencies is for management to spend any amounts remaining in a budget at the end of the budget period, a practice often called “use it or lose it.’’ The view is that if a department manager does not spend the budgeted amount, top management will reduce next year’s budget by the amount not spent. To...
4-2 Discussion: To Budget or Not To Budget P Discussion Topic O Starts Jan 25, 2020...
4-2 Discussion: To Budget or Not To Budget P Discussion Topic O Starts Jan 25, 2020 11:59 PM Budgets can be useful tools for planning and control, but they can also present challenges for many managers and spur unintended negative consequences. Some companies have begun exploring alternatives to traditional master budgeting. The chapters in your textbook provide a thorough examination of both the benefits and challenges of budgeting, while the article Budgets Don't Work: Here's How Businesses Can Do It...
Assignment Details | This assignment has 3 parts: Every business or organization must utilize accounting to...
Assignment Details | This assignment has 3 parts: Every business or organization must utilize accounting to record, summarize and report business transactions. While the focus in this course is the use of accounting within a business, the same concepts can be used on a personal level. 1. How can you use accounting to manage your personal finances? 2. What are the benefits of keeping track of personal transactions - income and expenses - in an organized manner? 3. What are...
One Managerial Topic that virtually all of you will need to address each year is the...
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Discussion Topic: Now that you have read and watched videos on various acting methodologies...if you were a professional actor what method would you use to develop your roles? You can combine elements from several methods to make your own unique method. Use specific examples from your personal experience if you can.
Budgets can be useful tools for planning and control, but they can also present challenges for...
Budgets can be useful tools for planning and control, but they can also present challenges for many managers and spur unintended negative consequences. Some companies have begun exploring alternatives to traditional master budgeting. The chapters in the textbook provide a thorough examination of both the benefits and challenges of budgeting, while the article Budgets Don't Work: Here's How Businesses Can Do It Differently points out some problems caused by traditional budgeting practices and offers an alternative approach. For this discussion,...
How can you apply the budgeting concepts you have learned to your own lives? Why is...
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4-2 Discussion: To Budget or Not To Budget P Discussion Topic O Starts Jan 25, 2020 11:59 PM Budgets can be useful tools for planning and control, but they can also present challenges for many managers and spur unintended negative consequences. Some companies have begun exploring alternatives to traditional master budgeting. The chapters in your textbook provide a thorough examination of both the benefits and challenges of budgeting, while the article Budgets Don't Work: Here's How Businesses Can Do It...
Assignment Details | This assignment has 3 parts: Every business or organization must utilize accounting to record, summarize and report business transactions. While the focus in this course is the use of accounting within a business, the same concepts can be used on a personal level. 1. How can you use accounting to manage your personal finances? 2. What are the benefits of keeping track of personal transactions - income and expenses - in an organized manner? 3. What are...
Discussion Topic: Now that you have read and watched videos on various acting methodologies...if you were a professional actor what method would you use to develop your roles? You can combine elements from several methods to make your own unique method. Use specific examples from your personal experience if you can.
How can you apply the budgeting concepts you have learned to your own lives? Why is budgeting important? What things can you learn from the process? How will it help you in your own personal financial lives? Within the body of your narrative paragraph(s), in addition to addressing the above points, write down what your short term financial goals are (the next 1-2 years), your medium range goals (3-5 years) and your longer term goals (6-10 years.)
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