Looking over a spreadsheet can clarify when to make larger purchases, such as waiting until the start of a new billing cycle, or negotiating better payment terms offered by suppliers and any creditors, especially when interest rates are volatile.
Once the need for a budget is established then the organization can consider what type of budget it desires. For example, with zero-based budgeting, "all expenses must be justified for each new period. Every function within an organization is analyzed for its needs and costs. Budgets are then built around what is needed for the upcoming period, regardless of whether the budget is higher or lower than the previous one" (Zero-based budgeting, 2009, Investopedia). While it is true that zero-based budgeting is more costly than traditional cost-based budgeting, it also favors enterprises specializing in areas "that achieve direct revenues or production" in the enterprise (Zero-based budgeting, 2009, Investopedia). For larger organizations, this method permits strategic goals to be factored into budgeting process by tying them to specific functions of the organization. Another type of budgeting that is non-traditional is activity-based budgeting, where managers examine the processes and the costs of those processes. "Cost efficiencies can be found by comparing activities performed in different areas of the organization and consolidating or rerouting certain functions" (Activity-based budgeting, 2009, Investopedia).
Budgeting has never been easier, given the availability of software programs that assist in the process. Additionally, should any discrepancies occur on the balance sheets, having a regular method of budgeting of expenses can help unravel financial questions about the results. Around income tax time, an orderly budget makes accounting far easier. A clear budget makes it easier to record business-related...
This lack of mindfulness, when applied to the education system, can lead to sudden and unexpected change. The authors appear to believe that this is, by association, an affliction of the leadership position, which makes it all the more important to involve the public in the decision-making process. To increase mindfulness, Boleman and Deal (p. 11) suggest the construction of frames, which are basically a type of map by means
Budget Cuts to the Correctional System The country is still in the grips of a massive financial crisis. As companies and government organizations continue to feel the impact of the recent financial crisis, budgets are being slashed across the board. Unfortunately, that means that funding formerly allocated for public goods and programs is being cut as well. One of the largest budget cuts seen in a number of states across the
Budget Cuts in Maine The Effect of Budget Cuts in Maine on Mental Health Care Maine Governor Paul LePage's supplemental budget proposal will have dire effects on individuals with mental afflictions according to the Bangor Daily News. The governor's budget will cut about 14,000 people from MaineCare health coverage. Currently the state is facing a 438 million dollar budget shortfall. The proposed cuts will slice about 60 million from health care services
In a community college in North Carolina (where there is a serious shortage of nurses) the entire nursing program is cut back to the point that there is a "waiting list just to get on the waiting list" (Rampell). When states run short of money they cut back on funds to community colleges, and when that happens it not only hurts students and their families, but it hurts communities. When
The Canadian journal of higher education - peer reviewed, 101-127. Johnson and Rahman discuss the various economic factors involved in individuals choosing to attend a college or university. The note the impact of these factors including tuition costs, room and board, fees, books etc. They also discuss the budget shortfalls and how they impact the ability of the university to fund tuition costs and apply money to grants. Pierre, D.S. (2009,
Force Management System or FMS Utility exists due to the complex array of people existing within the army. These people have one or more of an assortment of skills and access to several millions of items of equipment. An organized system for the documentation of how much is authorized and what is required is put in place to keep things in order. Taking that into consideration, the force development
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