Difference between forecasting and budgeting

Assignment Help HR Management

Reference no: EM13748151

Assignment 1:

For this assignment, you must answer the following questions:

What is the difference between forecasting and budgeting?
What is the difference between an operating budget and a cash budget?
Explain what zero-based budgeting is and how it can improve the efficiency of the organization?

Assignment 2:

You are a manager in a fictitious company of your choice. Your director has asked you to explain to the department staff the different types of budgets and techniques in order to provide an overall understanding.

For this assignment, you must develop a 2 to 3-page narrative that you will deliver to the department staff and director explaining the different kinds of budgets. Please select or make up your company and its purpose. You will also recommend which type of budget should be used and which budgeting technique would best fit the company. Using an income of 1 Million per year, you must answer the following questions:

What are the various kinds of budgets? Please explain each.
Which type of budget is best for your selected company?
Which type of calendar year will you choose and why?

Reference no: EM13748151

Questions Cloud

Provide a comment about the colonial era and field cries : Provide a comment about The Colonial Era (Songs in a Strange Land), Work Songs, Field Holler, Field Cries.

Dichloroacetate and cancer : Go to the Science Blogs Website and read the blog post titled "Dichloroacetate and cancer". Explain how the blog post ties in with this week's lessons

Journal entries to record the store transactions : Make summary journal entries to record the store's transactions for the year ended January 31, 2012. Best Way uses a perpetual inventory system.

What common elements do you see in the asian religions : What common elements do you see in the Asian religions? What can we learn about the attitudes of these historical peoples concerning the safety or danger in the world around them?

Difference between forecasting and budgeting : What is the difference between forecasting and budgeting? What is the difference between an operating budget and a cash budget?

Discuss how supply chain management impact the ability : Discuss how supply chain management decisions impact the ability to excel in certain dimensions. Specifically, consider

What is lincolns perception of liberty and equality : What is Lincoln's perception of liberty and equality? Why did he place so much importance on the destruction of slavery and the continuation of one nation?

Why not send power to the mouse using rf : Why not send power to the mouse using RF rather than using a battery and Why do we need a mouse anyway? Why not implant a chip into users' index fingers

Why are non-native species with invasive traits : Why are non-native species with invasive traits a threat to local ecosystems and Which of Caulerpa taxifolia's traits make it so dangerous to local ecosystems

User Account

All Pages