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What internal and external data sources might be utilised when developing new budgets?
When developing new budgets, internal data sources include historical financial records, departmental expense reports, and performance metrics, which provide insights into past spending patterns and revenue trends. External data sources may encompass market research, economic forecasts, industry benchmarks, and competitor analysis, helping to inform assumptions and projections. Combining these sources enables organizations to create more accurate and informed budgets that align with strategic goals and market conditions.
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What information would be used to inform the budgets both internal and external in a community service organisation?
To inform budgets in a community service organization, both internal and external information is essential. Internally, data on past expenditures, program performance metrics, and resource allocation can guide budget planning. Externally, information on funding sources, community needs assessments, economic conditions, and regulatory requirements can help align the budget with stakeholder expectations and community demands. Together, this information ensures that the organization effectively meets its financial goals while addressing community needs.
What are the types of budgets in a not-for-profit organization?
Budget that works for nonprofit organization and it relates to developing programs and what not.
Who is an internal user of financial statements?
Accounting information is presented to internal users in the form of management accounts, budgets, forecasts andÊfinancial statements. External users are communicated accounting information in the form of financial statements. These users are creditors, tax authorities, investors, etc..
What is comprised of four functions that provide an overall crossfunctional installation risk management program for developing threat or hazard plans and budgets?
Planning and Management Staff
What does AOP stand for in sales?
Annual Operating Plan - the revenue targets for sales and the operating budgets for internal groups needed to achieve those targets
How are statistics budgets revenue budgets and operating budgets related?
ask your brain
What at your installation is comprised of four functions that provide an overall cross-functional installation risk management program for developing threat or hazard plans and budgets?
planning and management staff
What at your installation comprises four functions that provide an overall cross functional installation risk management program for developing threat hazard plans and budgets?
planning and management staff
What group is comprised of four functions that provide an overall cross-functional installation risk management program for developing threat hazard plans and budgets?
Planning and Management Staff
All budgets depend on the sales budget?
Yes, all budgets depend on sales budgets because budgets can't exceed the amount of available money. When sales are poor, the budgets will be smaller.
Why would the internal parties of a business be interested in the accounting information of the business?
Internal parties of a business means the management of business, management prepare the budgets for the business, in other words we can say that management recognizes the future transaction and estimates the monitory effect of these transaction,But the management prepares the budgets, only for internal use for this purpose the management adopts a system which is called management accounting information system and that is why they are interested in Accounting Information system. Sheraz Mansoor Nawanshehr Abbottabad (sherazmansoor@gmail.com)
What is operational budgets?
About operational budgets can be read in
