A wide range of budgeting options available to managers

Assignment Help Accounting Basics

Reference no: EM131086591

As you have been introduced to this week, there is a wide range of budgeting options available to managers throughout the organization (including HR managers), and it is crucial to be able to differentiate between the various types and purposes of budgets in order to select the one that will best meet a particular need. This Application includes two separate components that will help you differentiate between and evaluate the diverse techniques.

First, prepare a 1- to 2-page paper on the relationship between strategic planning and budgeting. What is the role of each? How do they differ? Find specific examples to support your responses within the context of Human Resource management.

Second, prepare a graphic illustrating at least five different budget types, and their uses and key features. Focus your thoughts within the context of the HR department and where appropriate refer to the HR sub-functions such as staffing, rewards, and employee development. You may opt to design a table, create a mind map, or choose another form of presentation that illustrates the concepts in a way that is meaningful and useful for your personal reference.

Reference no: EM131086591

Questions Cloud

Examples of hris systems : Provide specific examples of HRIS systems and provide the details (costs, system requirements and web site resources, etc.). State the strengths and the weaknesses?

The debenture if the required rate of interest : The Nutmate Limited has a ten-year debenture that pays Rs 140 annual interest. Rs 1,000 will be paid on maturity. What will be the value of the debenture if the required rate of interest is (a) 12 per cent, (b) 14 per cent and (c) 16 per cent?

Creating high-performance work systems : 1. List five examples of HR metrics and discuss why they are critical in creating high-performance work systems. 2. Discuss three HRM methods for collecting job analysis information.

Pertaining to clinical practice : Compared and contrasted the roles of the NP, nurse educator, nurse informaticist, and nurse administrator in advanced practice nursing pertaining to clinical practice, primary care, education, administration, and research

A wide range of budgeting options available to managers : As you have been introduced to this week, there is a wide range of budgeting options available to managers throughout the organization (including HR managers), and it is crucial to be able to differentiate between the various types and purposes of..

What is taxable income : What type of tax rate structure does the U.S tax system apply? What are the individual tax forms, and what factors are used to determine which one to use? What is taxable income, and how is it determined?

Analyze cybersecurity laws that will impact organization : Analyze cybersecurity laws that will impact this organization based on the type of organization (for example, public, private, government, or nonprofit).

Recruitment policy of the company : 1. What is wrong with the recruitment policy of the company? 2. Why did Mr. Sashidhar's resignation surprise the General Manager?

How will the given recommendation impact the client : What reasons will you convey to your client to justify your decision in recommending this stock? How will this recommendation impact the client?

User Account

All Pages