Achieving and Maintaining Individual Excellence Paper 1
Learning Team Assignment: CareSafe Assignment
Team D
BSHS/373
May 14, 2012
University of Phoenix Instructor
Learning Team Assignment: CareSafe Assignment
When planning a budget for a company it is essential is outline the future surpluses, and review potential contribution gain to develop financial stability. In the CareSafe Foster Systems Budget the management team has to review the importance of a workable budget to make changes for financial gain. In order to increase the size of the CareSafe’s surplus is provide four methods and reviewing the pros, and cons of each discussed method. When planning a budget listing future and existing problems in the program will outline the future development of the financial proposed budget structure. When reviewing the background an education on how to maintain and the future success within the company can help expand stability and growth.
What would you say to Dr. Drexel to help her understand the importance of a workable budget?
The importance of a workable budget in any organization is the success for profit or non profit. Profits provide growth and expansion for the organization. Strategic planning presents choices and objectives in accounting practices. The importance of budgeting includes all elements averaging the amount of expenses and allocating the amount monthly; running budget comparison reports determining the expenses incurred. Incorporating technology creates a more efficient organization accounting errors are less prevalent. Dr. Drexel understanding of budgets processes will enable her to adjust the budget as needed. Dr Drexel should provide the internal management with the ability to assist in the budget process encourages good communication and multiple views during budgeting modifications. Strategic planning will enable Care Safe’s assists in the successful growth of the organization; this includes a well organized
Team D
BSHS/373
May 14, 2012
University of Phoenix Instructor
Learning Team Assignment: CareSafe Assignment
When planning a budget for a company it is essential is outline the future surpluses, and review potential contribution gain to develop financial stability. In the CareSafe Foster Systems Budget the management team has to review the importance of a workable budget to make changes for financial gain. In order to increase the size of the CareSafe’s surplus is provide four methods and reviewing the pros, and cons of each discussed method. When planning a budget listing future and existing problems in the program will outline the future development of the financial proposed budget structure. When reviewing the background an education on how to maintain and the future success within the company can help expand stability and growth.
What would you say to Dr. Drexel to help her understand the importance of a workable budget?
The importance of a workable budget in any organization is the success for profit or non profit. Profits provide growth and expansion for the organization. Strategic planning presents choices and objectives in accounting practices. The importance of budgeting includes all elements averaging the amount of expenses and allocating the amount monthly; running budget comparison reports determining the expenses incurred. Incorporating technology creates a more efficient organization accounting errors are less prevalent. Dr. Drexel understanding of budgets processes will enable her to adjust the budget as needed. Dr Drexel should provide the internal management with the ability to assist in the budget process encourages good communication and multiple views during budgeting modifications. Strategic planning will enable Care Safe’s assists in the successful growth of the organization; this includes a well organized
References: A Guide to Bookkeeping for Non-Profit Organizations (January 1988); Retrieved May 12, 2012; http://www.omafra.gov.on.ca/english/rural/facts/88-010.htm Bateman, T. S., & Snell, S. A. (2009). Management: Leading & Collaborating in a Competitive World (8th ed.). New York, NY: McGraw-Hill/Irwin. Fieldstone Alliances: Tools You Can Use (1/22/2009); Retrieved May 12, 2012 from http://www.fieldstonealliance.org/client/tools_you_can_use/01-22-09_cost_cutting_ideas.cfm Martin, L. (2001). Financial Management for Human Service Administrators. Retrieved from The University of Phoenix eBook Collection.