A high-level budget plan for the

Question

Use the Internet and / or Strayer databases to research budget planning and control. Imagine that the company that you currently work for, have previously worked for, or would like to work for in the future has tasked you with preparing a budget plan.

Write a three to four (3-4) page paper in which you:

Describe the company that you currently work for, have previously worked for, or would like to work for in the future. Determine at least two (2) compelling reasons that this company should prepare and manage a budget. Predict the two (2) most likely positive and negative financial outcomes for this company if it properly or improperly performs effective budgeting.

Outline a high-level budget plan for the company. In your high-level budget plan, recommend the most appropriate budgeting phases for the company.

Propose two (2) methods and techniques that the company should use to manage its budget over time in preparation for the fact that budgets are ever changing. Justify your response.

Imagine that the company is facing a financial challenge that is causing the actual amounts of money that it spends to become significantly off target from its budgeted amounts. Prepare an action plan to resolve the budget misalignment. In your action plan, recommend at least one (1) budgeting technique to resolve the budget and actual discrepancies. Provide a rationale for your response.

Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.

Answer 1

Please explore the Internet, research on budget planning and control. Suppose that the organization that you presently work for, have formerly worked for, or would like to work for in the future has tasked you by making a budget plan. For this task, you have to prepare a paper in which you have to address the following: 1) Illustrate the organization which you presently work for or would like to work for in the future. Find at a minimum of 2 compelling reasons which this company must prepare and administer a budget. Predict 2 most probable positive-negative financial outcomes for this organization if it correctly or improperly performs efficient budgeting. 2) Summarize a high-level budget plan for the organization. In your high-level budget plan, propose the most suitable budgeting stages for company. 3) Recommend 2 processes and methods that the organization must employ to manage its budget over time in preparation for the fact that budgets are ever change. Validate your response.