Review problem on the budgets

Reference no: EM132015390

Assignment 1: 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.

By the due date assigned, post your response to the Discussion Area. Throughthe end of the module, review and comment on at least two peers' responses.

Write your initial response in 300-500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuation

Do the following when responding to your peers:

1. Read your peers' answers.

2. Provide substantive comments by

• contributing new, relevant information from course readings, Web sites, or other sources;

• building on the remarks or questions of others; or

• sharing practical examples of key concepts from your professional or personal experiences

3. Respond to feedback on your posting and provide feedback to other students on their ideas.

4. Make sure your writing

• is clear, concise, and organized;

• demonstrates ethical scholarship in accurate representation and attribution of sources; and

• displays accurate spelling, grammar, and punctuation.

Reference no: EM132015390

Questions Cloud

Currently needs to retain all of its earnings : Computech Corporation is expanding rapidly and currently needs to retain all of its earnings. what is the value of the stock today?

Average real risk-free rate over time period : What was the average real risk premium? What was the average real risk-free rate over this time period?

Difference between residential-commercial-office space : Difference between residential, retail, commercial/office space, and industrial lease. How are the similar, which is preferable under which circumstances.

What does the market believe will be stock price : Assuming the market is in equilibrium, what does the market believe will be the stock price at the end of 3 years?

Review problem on the budgets : Budgets are the driving force behind all organizations. Whether a manufacturing organization, or a service organization such as a medical or public accounting.

Review the simulated workplace information : BSB51915 - Diploma of Leadership and Management - BSBWOR502- Lead and manage team effectiveness - Develop team cohesion and facilitate teamwork

Explain the transnational crime and international crime : Compare and contrast transnational crime and international crime to determine the impact each has on global security and our security here in the U.S.

How can fluid imbalance affect gas exchange in our body : How can fluid imbalance affect gas exchange in our body? What impact does it have on our body?

How big is your protein footprint : How big is your protein footprint? Does a meat-rich diet have an adverse impact on our environment? Does it contribute to global warming?

User Account

All Pages