Budget Planning and Control (3-4 pages), accounting homework help

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Use the Internet databases to research
budget planning and control. Imagine that the company that you currently work
for, have previously worked for, or would like to work for in the future has
tasked you with preparing a budget plan.

Write a three to four
(3-4) page paper in which you:

  1. Describe the company that you currently work for, have
    previously worked for, or would like to work for in the future. Determine
    at least two (2) compelling reasons that this company should prepare and
    manage a budget. Predict the two (2) most likely positive and negative
    financial outcomes for this company if it properly or improperly performs
    effective budgeting.
  2. Outline a high-level budget plan for the company. In
    your high-level budget plan, recommend the most appropriate budgeting
    phases for the company.
  3. Propose two (2) methods and techniques that the company
    should use to manage its budget over time in preparation for the fact that
    budgets are ever changing. Justify your response.
  4. Imagine that the company is facing a financial
    challenge that is causing the actual amounts of money that it spends to
    become significantly off target from its budgeted amounts. Prepare an
    action plan to resolve the budget misalignment. In your action plan,
    recommend at least one (1) budgeting technique to resolve the budget and
    actual discrepancies. Provide a rationale for your response.
  5. Use at least three (3) quality academic resources in
    this assignment. Note: Wikipedia and other Websites do
    not quality as academic resources.

Your assignment must
follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font
    (size 12), with one-inch margins on all sides; references must follow APA
    or school-specific format. Check with your professor for any additional
  • Include a cover page containing the title of the
    assignment, the student’s name, the professor’s name, the course title,
    and the date. The cover page and the reference page are not included in
    the required page length.

The specific course
learning outcomes associated with this assignment are:

  • Evaluate management control systems and examine their
    relationship with accounting and planning, including feedback and non-financial
    performance measurements.
  • Evaluate decision making tools for capital investments,
    budgeting, and budgeting controls.
  • Analyze financial accounting tools and techniques that
    convert financial accounting data into information for decision making.
  • Use technology and information resources to research
    issues in financial accounting for managers.
  • Write clearly and concisely about financial accounting
    using proper writing mechanics.

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