Brs Mdm3 Tif Ch07

|2.1 Explain the purpose of agreeing the format in which a budget will be presented |Question 1 Page 2 |

The budget process is a powerful planning tool for government to make important resource decisions. According the Carney and Schoenfeld‘s article on How to read a Budget, an operating budget is a reflection of government’s financial plans. When a budget is

5. How would you identify timescales, priorities and financial resources when preparing a budget? [2.3]

The 45-15 and 45-10 schedules are divided into 45 school days and 15, or 10, days of vacation. The 60-20 and 60-15, and the 45-15 and 45-10 plans can be, and usually are, combined with either the single or multi-track systems. In the Concept 6 plan, the school year is divided into six 43 day terms. This term is similar to block scheduling. Students and teachers go to two consecutive sessions and then they have one session off (Palmer & Bemis, 1999).

The budget process for each year begins by examining how much was spent each month. For each month, a budget is created for the following year. Staff members at the unit level impact the budget with supply usage.

By creating a budget this facility will be better prepared in knowing how much money they spend and

During that time the participants attend weekly planned activities, the focus will be on areas of:

| a) Crash cost of A = (600-300)/(5-3) = $150; Crash Cost of B = (450-250)/(3-2) = $200; Crash Cost of C = (500-400)/(6-4) = $50; Crash Cost of D = (400-150)/(5-3) = $125 b) As per the above schedule, the activities on the

Case II is a continuation of Case I. In this case you will convert the line-item budget developed in Case I into a functional budget. Then you will employ further information to create a flexible budget. Refer to the Case I Solution for data.

8 AMS will keep track of the spending in the commitment # and ensure there is money in it.

2.) Develop a similar table to show the effects of adding operations on Saturday. (Assume that 30 operations would still be performed each day.)

Based on the master budget, there have something wrong and unclear. All the numbers are the same, evenly quarter two have more sale than other quarter, at least less 30% than quarter two. We can easy to recognize with a few changes and we can achieve a goal $1.000.000

3. Do there appear to be any week entity in the description of the data requirements in

"Zero-based budgeting in its purest form is exactly what the name implies; preparation of operating budgets of a zero-based, although the organization may work more or less as in previous years, the budget process assumes that it is a new beginning. "

3. Budgets are prepared for the future period which is always uncertain. In future, conditions may change which will upset the budgets. Thus, future uncertainties minimize the utility of budgetary control system.