How would you explain the various management approaches to budgeting?
There are various approaches adopted by the management of an entity. Few of the approaches to budgeting can be-
1. Incremental budgeting- Under this method the budget of the previous year is used as the starting point for the current year's budget. The historical data is then increased as per the needs of the business that year.
2. Zero based budgeting -It usually starts with the building a brand new budget from the scratch. It starts from a zero as its base.
3. Rolling (Continuous ) Budgeting- It is a rigorous method as compared to the other two budgeting methods. Under this method people continuously keep adding a new budget period to replace the previous one on its expiry.
4. Activity-based budgeting (ABB)- It is a method based on calculating the total cost needed for the goals decided by the company. The anticipated level of activities are targetted by deciding the amount of cash needed by the entity for attaining the particular goal.
5. Performance based Budgeting- Under this approach, a set of goals or objectives is initially decided. These objectives act as the benchmark or the rationale for the course of activities that the organisation expects to undertake as well as the cost associated with it.
How would you explain the various management approaches to budgeting?
Discuss in your own words the various approaches for capital budgeting with leverage and market imperfection.
Budget Development Methods--Provide an evaluation of the various types of budgeting approaches, such as top-down, cost aggregation, time-phased, and analogous budgeting. Use the text to understand what they are and how they might be used depending on the type of project and organizational structure. Are there pros and cons to each? This is a two part discussion.
. Do you have examples of the various collaborative approaches to cost management and why might they be successful?
Explain the purpose of using budgeting as a planning tool. Cite 2 examples of how management can use budgeting when it comes to decision making.
Explain how you would derive a required rate of return for your capital budgeting analysis. What type of information would you use to derive the required rate of return?
imagine you are talking to a friend. How would you explain the concept of risk management and how it relates to qaulity management in the healthcare industry?
How do you think both small and large organizations can benefit from budgeting? How would you explain the role of a sales forecast; and how would you explain the difference between a sales forecast and sales budget?
Project management and budgeting! How can budget impact the project if it is less? Or if more is needed to be used? What are some of the consequences? Explain in 300-400 words with a citation.
1) Explain why communication is so important in management. 2) Explain how you would motivate managers and employees to implement a major new strategy.
There have been various attempts and approaches to reform the federal budget. a) Discuss the justification for reforming the federal budget; b) Discuss the various measures that have been proposed or employed to reform the federal budget since the 1980s including the successes and failures of each of these measures; c) Discuss the legal/constitutional challenges or issues that have been involved in trying to reform the budget and the results of these legal/constitutional challenges. d) Describe the current type of...