History of Indian Budget India’s first Finance Minister Sir R.K. Shanmugham Chetty‚ presented the first Finance Budget of independent India on November 26‚ 1947. Since then‚ 28 differentUnion Finance Ministers have been presenting the budget year after year. Initially‚ major attention was paid towards the agriculture sector but as the economy evolved‚ the focus shifted from agriculture to other sectors like industrial‚ financial etc. During the early the fifties‚ Indian budget highlights revolved
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The case titled The Theatre Budget was a short journal about a frustrated Vice-President of a performing arts theatre that had a Board of Directors more concerned about artistic values than how they would pay the bills. Janet Dobbs was Vice President for Administration and President-elect for this small taxexempt organization called the Greater Euclid Little Theater (GELT). It is obvious in the case that there is a divide between industries; business administration/accounting and the arts. One
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country was 20.18% and it contributed 28.50 % of the total power generation of the country during 2006-07. GROWTH OF NTPC INSTALLED CAPACITY & GENERATION INSTALLED CAPACITY GENARATION NTPC has set new benchmarks for the power industry both in the area of power plant construction and operations. It is providing power at the cheapest average tariff in the country. With its experience and expertise in the power sector‚ NTPC is extending consultancy
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group discuss about case 11-55. Below are the solution: Question 1 Prepare a new contribution report for February‚ in which: * The static budget column in the contribution report is replaced with a flexible budget column. * The variances in the contribution report are recomputed as the difference between the flexible budget and actual columns. Answer Particulars | Static Budget | Flexible Budget | Actual | Variance | Unit (pounds) | 200000 | 225000 | 225000 | 0 | Revenue
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Capital Budget Proposal Initiating a Congestive Heart Failure Clinic Congestive Heart Failure (CHF) affects between 2 to 3 million people each year. Heart failure is directly responsible for the death of 39‚000 Americans every year‚ and is a contributing factor in the death of an additional 225‚000 Americans (National Institutes of Health‚ 2004). As more people continue to live longer‚ the incidence of heart failure will become more common. Caring healthcare facilities have the responsibility
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............................................................................................... 8 The Expenses Screen ..................................................................................................................... 10 Adding a New Expense Entry ......................................................................................................... 10 Updating/Deleting an Expense Entry ..........................................................................................
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attained when good plans are married with effective control systems. Most organizations conduct their planning and control processes through implementation of budgetary control system. Budgetary control system is the system of using budgets as a means of planning and controlling all aspects of producing or selling commodities and services (By J.Batty) An organization will never lose direction and means of measuring performance if it will implement the
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1. There are many criticisms about budget‚ but using budget can increase sales‚ decentralize and empower to lower level. According to the reading articles‚ budgetary can replace the fixed performance target with openness and transparency. And also management can give employees more freedom to manage. For example‚ Musimundo did not have budget before 2004. After 2004‚ it had established budget system. The budget was separated in two ways which were bottom-up and top-down. Employees who are at the
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expenditures and revenues for the ensuing fiscal year. In modern industrial economies‚ the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard economic growth in certain areas of the economy and because views about priorities in government spending differ widely‚ government budgets are the focus of competing political interests. The budget has been announced with eight major objectives including creating employments‚ maintaining
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| Papa Geo’s (5 Year Budget Proposal) | | | 1.0 Executive Summary | Papa Geo’s is devoted to bringing top notch Italian cuisine at an affordable price that everyone can enjoy‚ because at Papa Geo’s you’re not just our guest you’re family. We offer a wondrous all-you-can-eat style buffet of the fines Italian cuisine. Unlike your typical sit-down buffets in the Orlando‚ Florida area; we ensure a unique experience with a combination of both exceptional foods as well as great
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