Every organization needs to plan and consider how to confront future potential risks and opportunities. In most cases, this process is formalized by preparing annual budgets and monitoring performance against budgets. “Planning is the design of a desired future and of effective ways of bringing it about” (Ackoff, 1981). But a distinction is often made between short-term planning and long-range or strategic planning. Budgeting is […]

This country has been dealing with a budget deficit for many years now. In an attempt to change this, on June 29, Congress voted in favor of HConRes67 that called for a 7-year plan to balance the Federal Budget by the year 2001. This would be done by incorporating $894 billion in spending cuts by 2002, with a projected 7-year tax cut of $245 billion. […]

Budget making becomes complex when budget information from all departments and field offices of a company is accumulated into a single budget for the whole company. If this sounds like a nightmare, it usually is one. However, nightmare or not, it is essential that a business plan its activities and measure its performance against such a budget. Even more important, the managers who prepare the […]

A budget can be defined as an itemized listing of the amount of all estimated revenue or income which the school anticipates receiving, along with a listing of the amount of all estimated costs and expenses that will be incurred during a given period of time (Wango Geoffrey, 2009:211). A school budget can be defined as a document or statement outlining a school’s revenue (income) […]

Rodolfo Furniture Store Budget Analysis Edric Hernandez-Cruz Gisela Franqui-Atiles Valerie Santiago-Rodriguez Yachira Rodriguez-Cuevas University of Phoenix PR Campus ACC / 561PR Rafael Marrero Diaz November 9th, 2012 Rodolfo Furniture Store Budget analysis is important for any corporation. From small businesses to large enterprises; all organizations evaluate the numbers in order to get a picture of where the company stands economically. This will serve as a […]

As we discussed and read about this week in our class, the topic of the US Budget and how, why and what should we do about it has become a topic with many views and opinions. The United States of America currently holds over 16 Trillion dollars in debt based on our governments spending practices for the last ten years. Two wars, numerous fiscal collapses […]

Assignment : budget and balanced scorecards 1 Behavioural Problems associated with budgets in this firm Although we can comment upon this firm’s budget-related problems based on the Production  Manager’s view of the process alone, three things are immediately clear : (a)    The firm’s budgetary process is traditional and hierarchical, with departments having separate sub-budgets. In addition, the performance management system appears to be linked to […]

Are you looking for simple strategies that can lead to thousands — if not millions — of downloads? Are you looking for out-of-the-box app marketing ideas to help your app get discovered? Getting downloads for your app is a tough task. But here are five simple growth hacks to help you increase downloads for your app. Related: 1. Offer an ‘exclusive’ to gain some PR. I thought […]

A budget is a plan that shows a person’s financial objectives and plans of action. It is essentially a forecast of the incomes and expenditures. A budget helps an individual or organization to evaluate the performance of a business, share the available resources and eventually make plans for the current and future. What can cause a budget deviation and their remedies Budgets are essentially future […]

According to the Prime Minister Datuk Seri Najib Razak, who is also Finance Minister, at the Dewan Rakyat on Friday, September 28 tabled that the Budget 2013 themed “Prospering The Nation, Enhancing Well-Being of the Rakyat: A Promise Fulfilled” . 2013 budget was formulated with a focus on improving the living standards of people across the country, ensuring sustainable economic growth, prudent spending and reduce […]