2018-11-01T13:26:23+00:00

Identify the stages of the budgeting process and evaluate their effectiveness.

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Budget Process

A. Identify the stages of the budgeting process and evaluate their effectiveness.

b. Evaluate the level and validity of detailed assumptions used to create budget estimates.

c. Discuss the role of the budget as an analytic tool that can be used to evaluate organizational performance.

d. Explain how the budget can be used to find and eliminate inefficiencies in an organization`s performance.

e. Explain the role of the budget in the business control cycle.

f. Analyze internal and external control mechanisms that can be put in place to monitor and evaluate the budget.

g. Describe how the budget can be used in the performance accountability and reward process.

h. Identify a major business initiative in any organization that was approved last year as a result of the budget process, and explain how the budget was used in the approval process.


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