Discussion-working with budgets

Reference no: EM13770051

Discussion-Working with Budgets

Budgets are the driving force behind all organizations. Whether a manufacturing organization, or a service organization such as a medical or public accounting firm, budgets are used not only for planning purposes but also for performance monitoring and evaluation of areas within an organization.

More than likely, you are often required to work with budgets within your organization. Using the module reading and the Argosy University online library resources, research budgets including multiple budgets.

Respond to the following:

Describe in detail the budgets that you work with.
In your description, what was the objective of the budget i.e., to motivate employees or control costs? (A budget could have more than one objective.) Was the use of the budget successful in achieving the objective?
Based on the effectiveness of the budget, what recommendations would you suggest to improve the communication and/or utilization of the budget(s)?
Assume your organization has multiple budgets and you are to work with these. Explain how these budgets should be linked together.

Reference no: EM13770051

Questions Cloud

Write a paper on anousone soukhaphon : Write a paper on Anousone Soukhaphon.

Forensic science related issue : What is the difference between the cause and manner of death?

Write essay about whats morally right of wealth distribution : Write an essay 3 pages about what's morally right of wealth distribution.

Characteristics of the u.s. health care delivery system : What makes the U.S. health care delivery system unique? What are the strengths of this vast system, and what are the limitations? How have the philosophical, economic, political, and cultural influences of this nation shaped health care delivery?

Discussion-working with budgets : Budgets are the driving force behind all organizations. Whether a manufacturing organization, or a service organization such as a medical or public accounting firm, budgets are used not only for planning purposes but also for performance monitorin..

What was your impression of the career prior to interview : What was your impression of the career PRIOR to the interview? What assumptions did you have about that career? How did the interview go? Reflect on comfort level, interaction in the interview, time allotted, etc.

Despite being a fairly old technology : Despite being a fairly old technology, menu-driven interfaces are very common in user interface design. Menu-driven interfaces consist of a series of screens which are navigated by choosing options from lists.

Environmental issues and the industrial revolution : The Industrial Revolution, which began in the eighteenth century, has had an ongoing influence on society as well as the relationship between humans and their environment. With the onset of industrialization came the drastic increase in urbanizati..

Assessing the validity of the two mutually exclusive project : You have been asked to develop a financial analysis of two projects and based on Net Present Value (NPV), Return on Investment (ROI), and Profitability Index (PI), Briefly explain the following concepts and their use/value in assessing the validi..

User Account

All Pages