budgeting E-Book Basic definations i. A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. 1. The act of preparing a budget is called budgeting. 2. The use of budgets to control an organization’s activities is known as budgetary control. Difference between planning and control i. Planning involves developing objectives and preparing various budgets to achieve those objectives. ii. Control involves
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Semester 2012-13 |Total Marks |Marks Obtained| |10 | | Name: ________________________________________ Section: _____ |Student ID | This assignment must be in computer printed form and you are required to follow the given format. Times New Roman Font size 12 Double spacing 2 inches left and right margin Late Submission: Please note there will be a penalty of 10% of the allocated marks for assignments submitted
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Financial Reporting Problem‚ Part 2: Nike ACC/290 Financial Reporting Problem‚ Part 2: Nike When determining the overall financial strength of a company‚ businesses rely on their current assets to show value. Current assets are defined as assets that can or will be converted into cash quickly. The value of the asset’s will vary and may be used at any time as collateral for loans or other investment business development plans. Current assets will include‚ of course‚ cash and cash equivalents
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CASE STUDY 3 - Cash Budget SCHEDULE OF EXPECTED CASH COLLECTIONS FROM CUSTOMERS: Credit Sales May June April (94‚000 * 0.70) = 65‚800 65‚800 May (89‚500 * 0.30) = 26‚850‚ June (89‚500 * 0.70) = 62‚650 26‚850 62‚650 June (75‚000 * 0.30) = 22‚500 22‚500 Total Cash Collections 92‚650 85‚150 SCHEDULE FOR EXPECTED PAYMENTS FOR PURCHASE OF INVENTORY Inventory purchases May June April (195‚000
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The article on Capital Strategy and the Capital Budgeting Decision‚ brought to light some interesting points about selecting investment options that have a positive net present value. Although achieving a positive net value seems like a simple process‚ the article brings up other ways that will allow an organization to continue getting higher rates than the required rate for their respective industry. An important goal for organizations is to continue maintaining competitive advantages that would
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1. Define the term Agricultural Revolutions and explain how it impacted the world. (Chapter 1‚ pp. 7-8 and p.11 two paragraphs before the subsection “Life in Neolithic communities”) 2. What was the most important result/benefit of the development of settled agricultural communities? (Chapter 1‚ p. 11) 3. Who were the earliest settled people in Mesopotamia and what kind of writing system did they use? (Chapter 2‚ section “Mesopotamia”) 4. Why did the status of women decline with
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measure of a sample of behavior. – The purposes of assessment: • Screening • Diagnosis • Treatment planning and goal identification • Progress (outcome) evaluation HOW IS ASSESSMENT USED IN COUNSELING? • Assessing client problems • Conceptualizing and defining client problems • Selecting and implementing effective treatments • Evaluating counseling effectiveness ASSESSMENT COMPETENCE AND PROFESSIONAL COUNSELORS Multimethod and multirespondent assessment methods can help counselors uncover diverse
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developing a comprehensive annual budget‚ spending heavily for specialty software‚ staff overtime and temporary help for data entry. Perhaps even more costly (but less quantifiable) are the countless hours that senior managers‚ accountants‚ financial analysts and department managers spend to prepare‚ revise and consolidate budgets. • We spend more time creating a budget than analyzing it. • The budget bears little or no relation to our underlying business plan. • After the budget is approved‚ no one looks
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Chapter 1 The Foundations of Strategic Management KNOWLEDGE OBJECTIVES 1. Define strategic management. 2. Discuss why firms use the industrial organization model to analyze their external environment. 3. Discuss why firms use the resource-based view of the firm model to analyze their internal environment. 4. Define stakeholders and understand their importance. 5. Explain the work of strategic leaders. CHAPTER OUTLINE Focusing
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PROJECT REPORT ON CASE STUDY ON STRATEGIES OF SALES AND MARKETING FOR BUDGET HOTELS. Submitted By: Yogesh Kumar Under the Guidance of: NCHMCT ROLL NO.: 111750 Mr. P. Suresh Final Year Lecturer B.SC in Hospitality & Hotel Administration (IHM GWALIOR) IHM Gwalior CERTIFICATE OF THE
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