Budget planning and control

Assignment Help HR Management

Reference no: EM13728652

Budget Planning and Control

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 (3-4) page paper in which you:

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 (2) compelling reasons that this company should prepare and manage a budget. Predict the two (2) most likely positive and negative financial outcomes for this company if it properly or improperly performs effective budgeting.
Outline a high-level budget plan for the company. In your high-level budget plan, recommend the most appropriate budgeting phases for the company.
Propose two (2) 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.
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 (1) budgeting technique to resolve the budget and actual discrepancies. Provide a rationale for your response.
Use at least three (3) quality academic resources in this assignment.

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.
Include a cover page containing the title of the assignment. 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.

Reference no: EM13728652

Questions Cloud

Explain what is meant by a trade-off : What is meant by a trade-off. Who are the major players in performing trade-offs. Describe strategic planning and why it is important for projects.

Savings account today that earns an annual interest rate : You placed $6,559 in a savings account today that earns an annual interest rate of 5 percent compounded annually. How much will you have in this account at the end of 29 years. Assume that all interest received at the end of the year is invested the ..

What home insurance coverage amount would you recommend : Michelle and Ken Dunn, both in their mid-20s, have been married for 4 years and have two preschool-age children. Ken has an accounting degree and is employed as a cost accountant at an annual salary of $62,000. They’re now renting a duplex but wish t..

Oversight of several agencies : The Department of Health and Human Services has oversight of several agencies (i.e., FDA, CDC, AHRQ, NIH, CMS) that regulate health care in the United States.

Budget planning and control : 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.

How each of these costs would appear in the capital : Given that each of the three corporate transportation alternatives covers a different length of time, what time period should be used to compare these options - how each of these costs would appear in the capital budgeting analysis.

Calculate the required return on the companys common stock : A company's common stock has a beta of 2.1. If the risk-return is 2.43%, and the market risk premium is 7.79%, calculate the required return on the company's common stock.

The bonds make semi-annual payments : Crossfade Co. issued 15-year bonds two years ago at a coupon rate of 9.4 percent. The bonds make semi-annual payments. If these bonds currently sell for 105 percent of par value, what is the YTM? (Do not round intermediate calculations. Round your an..

Bonds make semi-annual payments-what is current bond price : App Store Co. issued 16-year bonds one year ago at a coupon rate of 7.7 percent. The bonds make semi-annual payments. If the YTM on these bonds is 5.4 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer..

User Account

All Pages