What is your understanding of a budget.

Project Five

Business Report

One and a half to two and a half full in pages in length: single spaced; 12 pt. font. One Inch margins. In your own words.
If you create any small charts they will count for page space. A one page report will only qualify you for the minimum passing grade of 70%. A more expansive report will qualify you for a higher grade.

Goal: tell the story of your company in the parameters described below.

Each of the five projects requires you to map out your message, for your supervisor, illustrating your mastery of concepts from our course as they relate to your SEC 10-K Company. Consider this as your employer. As a starting point, for project five:

1)What is your understanding of a budget. How can budgeting be useful to an organization? Please use your own words and do not provide a textbook definition of budgets. Consider the concept and interrelationships of budgeting, variance analysis and strategy. What is your personal perspective to budget low so you come in high, budget high so we all feel good today, etc. Summarize and evaluate these important concepts. 40 points

2)What is zero based budgeting? What are its advantages and disadvantages if any? If you were in charge of establishing budget policy, would you consider zero based budgeting for your organization? 30 points

3)How would a company be affected by budget strategy based on a manager’s personal goals rather than market analysis? How might this affect sales dollars, sales volume, and profits? Consider too the effect of financing, production volume and capacity. 30 points

If possible, integrate your company’s activities into the above discussion. Your response must use the same numbering system above.

This concludes our series of five projects. In your weekly report, separate from this project, you should reference how these projects related to your study and foundation knowledge building.\



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What is your understanding of a budget.


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