Budgeting Proccess

TABLE OF CONTENT 1.0Executive Summary 2.0Introduction 3.0An Excellent Budgeting Process is the efficacy to qualify objectives and goals into data 3.1Agree 3.2Disagree 4.0Finding the resources to implement the budget calls for extensive subprogram of human resources and involves correct perceptions of individual roles and communications play an key role 4.1Agree 4.2Disagree 5.0Communication flow for imposed budgeting 6.0Communication flow for participatory budgeting 7.0Conclusion 8.0Reference 1.0 EXECUTIVE SUMMARY A budgeting move is essential to any composition regardless of their size and field of operation. This is because well planned and punish budgeting process will provide the make-up the foundation for strategy implementation; may it be cost cutting exercise, logical argument expansion, market re-positioning or etc. Every budgeting process is base on similar principals and identical to every arrangement; with specific modifications based on the business modal and corporate culture of that particular organization. An excellent budgeting process will have the ability to convert objectives and goals into data.

This however, atomic number 18 not taking into consideration of internal and extraneous factors such as drastic changes on market forces or technology, or sudden departure of key decision manufacturing business; these unexpected occurrence of events will have adverse jar on the budgeting process. In cast for the budgeting process to be successfully implemented; every individuals within the organization must be aligned to the organization goals and must be adept to the organization work culture. These fundamental requirements are needed as the organization will use the budgeting process modal that is most suitable to their organization structure. There are basically two types of budgeting process; they are known as Imposed and Participatory budgeting process. Imposes budgeting are budget initiated from top... If you want to get a full essay, order it on our website: Orderessay

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