CHECK THESE SAMPLES OF A Budget Is a Comprehensive Financial Plan
A concise definition was provided by Gapenski (2008), who stated that the budget is the detailed plan, expressed in dollar terms that specify how resources will be used within a period of time.... When a health organization's budget pertains to the plan that includes activities, expenses, costs, resources and revenues within a specific period of time, it is called the operational budget.... The reason for this is the diversity of the financial structures, organizational culture and reporting systems of organizations (Finkler and McHugh, 2008, p....
3 Pages
(750 words)
Essay
financial budget is a firm's estimated plan for the future period that will be stated in financial terms.... 'A financial plan, or budget, is a decision-making tool based on the basic principles of scarcity, choice, and opportunity cost' (Budgeting your financial solutions 2013).... 'Cash budget is an opinion of inflow and outflow of the business of an organization for a particular period of time' (Foley 2009).... 'Budgeting can help a company use its limited financial and human resources in a manner which best exploit existing business opportunities' (Budgeting 2013)....
3 Pages
(750 words)
Essay
The Master budget is prepared by combining individual annual budgets that are prepared earlier.... he first and foremost step in developing the master budget is the sales forecast in terms of quantities and values of products.... The production budget is further divided into the direct materials purchases and usage, direct labor and factory overhead budgets.... Finally, the cash budget is prepared in which cash receipts and disbursements are determined....
3 Pages
(750 words)
Essay
The author concludes that a financial plan should embrace an assessment of the likely financial risks, their likely impact and how they can be mitigated.... The Master budget is defined as the general financial plan for the period, which suggests the company's goals and objectives (Kemp, and Dunbar, 2003).... The budget is considered as management's quantitative expression of plans for a forthcoming period.... Preserving of strategic planning and decision making and to present accountability by assisting managers to plan for the resources essential to issue a product or service is the rationale of the planning and budgeting of Swann Communication....
7 Pages
(1750 words)
Term Paper
he first recommended budget is the advertising budget.... he second recommended budget is the department budget, which is usually prepared on an annual basis, but with a monthly breakdown.... This type of budget is prepared for a company that has “multiple sales revenue units” (Jagels and Ralston, 2006, p.... Since PepsiCo has different product lines, the company can treat each product line as a department and draw up a budget specific to that product line....
4 Pages
(1000 words)
Research Paper
budget is a very important tool in our lives as it helps to avoid underestimates or overestimates of both revenue and expenditures.... A master budget is a set of interrelated budgets used for different purposes.... A budget refers to a comprehensive plan about expenditures and revenues for a given company, individual and group.... A budget refers to a comprehensive plan about expenditures and revenues for a given company, individual and group....
3 Pages
(750 words)
Essay
Planning and analysis also help in the assessment of the viability of the business and determine the chances of running the business successfully by making sure that the plan is fulfilled through the process of continuous assessment.... The paper ''financial Planning and Analysis in financial Management'' is a wonderful example of a Management essay.... financial planning and analysis are the determination of how the business firm will manage to achieve its strategic goals and by scrutinizing and analyzing its financial elements and plans....
20 Pages
(5000 words)
Essay
budget is commonly defined as the projected quantitative plans by the management for the forthcoming period.... It would be highly important to find out whether it will be possible to use a single budget for both planning tasks and performance evaluation tasks or there is the need to come up with a budget that addresses planning tasks differently and doing the same with performance evaluation.... The paper 'Why Most Companies Choose to Use a Single budget for the Many Purposes of budget' is a forceful example of a finance & accounting literature review....
9 Pages
(2250 words)
Literature review