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3 pages/≈825 words
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3
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
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MS Word
Date:
Total cost:
$ 14.58
Topic:
Budget Creation
Essay Instructions:
Leaders prepare budgets for their departments or for the entire organization. Even department heads should be familiar with the components of the overall organizational budget.
In this assignment, you will select an organization and prepare a revenue and cost statement budget for a 3-month period, with a 1- to 2-page written analysis.
You will continue working with this organization’s budget in Module 5, where you will prepare an audiovisual presentation of your budget analysis.
Step 1
Referring to Chapter 1 of the Bettner (2018) text, identify the categories of costs that must be budgeted in your company/organization for the sales and income statement budgets. Find publicly available budgets or pro forma financial statements for your organization or a similar organization.
Step 2
Using the Budget Template 1, a free online budget spreadsheet, or your own budget spreadsheet, prepare the sales and income statement budgets for your organization/company. Include all relevant categories and make reasonable assumptions for budget line items.
Step 3
In a 1- to 2-page paper, analyze your budget, describing:
the sales budget components,
the income statement budget components,
your thoughts on budgeting for contingencies (optimistic, realistic, and catastrophic), and
your assumptions.
Use APA-formatted in-text citations to support your analysis.
Step 4
Copy and paste the spreadsheet as an appendix to your analysis.
Essay Sample Content Preview:
Title
Your Name
Subject and Section
Professor’s name
Date
Part 1
Bettner (2018) said that the development includes the following costs that must be budgeted to support the creation of sales and income statement budgets. Such categories consist of direct costs, including wages and other emergent employee costs, which are somewhat linked to the organization's activities, and indirect costs, such as administrative expenses, power, and maintenance. According to the book, these cost elements must be understood to prepare robust financial forecasts and design sound budgets that reflect organizational objectives.
Part 2
Table 1.
3-Month Sales and Income Statement Budget
Category
July
August
September
Total
State and Local Per-Pupil Revenue
$12,230,123
$12,230,123
$12,230,123
$36,690,369
Federal, State, and Local Grants
$1,235,698
$1,235,698
$1,235,698
$3,707,094
Special Education Revenue
$1,334,650
$1,334,650
$1,334,650
$4,003,950
Total Revenue
$14,800,471
$14,800,471
$14,800,471
$44,401,413
Expenses
Program Services
$12,454,173
$12,454,173
$12,454,173
$37,362,519
General and Administrative
$1,713,321
$1,713,321
$1,713,321
$5,139,963
Fundraising
$1,583
$1,583
$1,583
$4,749
Total Expenses
$14,169,077
$14,169,077
$14,169,077
$42,507,231
Net Surplus (Deficit)
$631,394
$631,394
$631,394
$1,894,182
Part 3: Budget Analysis for Achievement First Brooklyn Charter Schools
Introduction
This pap...
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