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Why is it important for a business to prepare a cash budget and a capital budget?
In planning, management must set specific odjectives for each section of the entity. Plans shiuld be drawn up with a view to both the short and the long term, and must be based on forecastes regarding demand, sopply and expected techonological improvements. Therfore, a cash budget shows the expected flow of cash. Cash flow is crucial to any entity and therefore the cash budget is very important to any business entity as it involves planning, control, coordination, ect.
Functions of a budget?
Planning -- involves determining organizational and program objectives and evaluating alternative means for their achievement. Planning also includes prioritizing. Control -- defined as monitoring, comparing information to a standard and taking corrective action. For a budget to serve this function well it must have four characteristics: It must be well-conceived (i.e., result from a good planning process) and be approved by the board It must be broken down into increments corresponding to the periodic financial statements Financial statements must be prepared on a timely basis and compared to the budget The board and staff must take action where such comparison indicates a potential problem Management -- allocating resources deliberately and prudently to achieve program objectives. This includes programming approved goals into specific projects and activities, the design of organizational units to carry out programs, staffing, and procurement of resources. Budget Planning Processes a) Incremental/Decremental b) Zero-Based c) PPBS d) Performance Budget Formats a) Line Item b) Program c) Performance d) Functional
What are the indicators of good planning?
Good planning has two componenets: 1) planning and 2) control. Take, for example, a budget. The planning is the budget by category, month, dept. etc. The control is comparing the plan (budget) against the actual cost expended. Then, follow-up should be made with dept. managers or supervisors for applicable areas to indicate the major reason for the discrepencies and either correct the problem or modify the budget. The people making the plan must "own" it, that is they must be part of the planning process and be held accountable for results. It's the old carrot and stick situation. Good behavior is rewarded in some fashion and bad behavior is punished. It's the same in good planning. People, dept.'s, etc. that have good plans, keep them up to date and document them should be rewarded some how. Those that do not should be punished in some way. From Finance and Accounting Director in Las Vegas, NV.
When preparing a budget a person must consider their?
Income
The cash budget must be prepared before you can complete the?
budgeted balance sheet
If Lisa must adjust her budget to save for a new washer and dryer what is this an example of?
Budget planning Budget forecasting Budget management A prudent way to approach life.
When congress makes a plan for spending money it must create what?
The planning of expenditures of the United States Congress must create or come up with a budget. The country's budget proposal comes from the office of the President forwarded to the US Congress.
What must congress create when making a plan for spending money?
The planning of expenditures of the United States Congress must create or come up with a budget. The country's budget proposal comes from the office of the President forwarded to the US Congress.
Why is it important for a business to prepare a cash budget and a capital budget?
In planning, management must set specific odjectives for each section of the entity. Plans shiuld be drawn up with a view to both the short and the long term, and must be based on forecastes regarding demand, sopply and expected techonological improvements. Therfore, a cash budget shows the expected flow of cash. Cash flow is crucial to any entity and therefore the cash budget is very important to any business entity as it involves planning, control, coordination, ect.
Functions of a budget?
Planning -- involves determining organizational and program objectives and evaluating alternative means for their achievement. Planning also includes prioritizing. Control -- defined as monitoring, comparing information to a standard and taking corrective action. For a budget to serve this function well it must have four characteristics: It must be well-conceived (i.e., result from a good planning process) and be approved by the board It must be broken down into increments corresponding to the periodic financial statements Financial statements must be prepared on a timely basis and compared to the budget The board and staff must take action where such comparison indicates a potential problem Management -- allocating resources deliberately and prudently to achieve program objectives. This includes programming approved goals into specific projects and activities, the design of organizational units to carry out programs, staffing, and procurement of resources. Budget Planning Processes a) Incremental/Decremental b) Zero-Based c) PPBS d) Performance Budget Formats a) Line Item b) Program c) Performance d) Functional
What are the indicators of good planning?
Good planning has two componenets: 1) planning and 2) control. Take, for example, a budget. The planning is the budget by category, month, dept. etc. The control is comparing the plan (budget) against the actual cost expended. Then, follow-up should be made with dept. managers or supervisors for applicable areas to indicate the major reason for the discrepencies and either correct the problem or modify the budget. The people making the plan must "own" it, that is they must be part of the planning process and be held accountable for results. It's the old carrot and stick situation. Good behavior is rewarded in some fashion and bad behavior is punished. It's the same in good planning. People, dept.'s, etc. that have good plans, keep them up to date and document them should be rewarded some how. Those that do not should be punished in some way. From Finance and Accounting Director in Las Vegas, NV.
What was the Production Budget for Must Love Dogs?
The Production Budget for Must Love Dogs was $35,000,000.
What was the Production Budget for Romeo Must Die?
The Production Budget for Romeo Must Die was $25,000,000.
What was the Production Budget for Everything Must Go?
The Production Budget for Everything Must Go was $5,000,000.
How could you describe a tax that is assessed according to the benefits received principle?
To describe a tax that is assessed according to the benefits received principle one must first view the rules or laws that makes that tax that is supposed to assessed official.
When the government runs a budget deficit what must in eventually do in order to pay back its debt?
have a budget surplus
What was the Production Budget for All Superheroes Must Die?
The Production Budget for Marvel's The Avengers was $225,000,000.
