Explore BrainMass

Explore BrainMass

    Components of an Organization's Operating Budget

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Operating Budgets

    - Write a 700 to 1,000 word paper that identifies the items incorporated into a security component or department of an organizations operating budget. Such as operating equipment, services, maintenance, phone, mail, office supplies, uniforms, and so forth.
    - Provide a rationale and justification for each component, and defend the appropriation of funds for each item.

    - Format the paper consistent with APA guidelines.
    - Provide 2 references.
    - Please write in your own words and avoid plagiarism.

    Please send an attachment.

    This is an essay completion.

    © BrainMass Inc. brainmass.com October 10, 2019, 1:08 am ad1c9bdddf

    Solution Preview

    Components of an Organization's Operating Budget: Security Department

    [Date Submitted]
    [Student's Name]

    [Professor's Name]


    Based on a survey conducted by Damition and Schmidgall (2007) on what skills of non-accounting managers are deemed important, income statement, operating budgets and analysis of variances are ranked top three. This means that for a manager to be able to do his job effectively and efficiently, he needs to be able to interpret and analyze financial statements particularly income statement, quantify company and divisional plans into operating budgets, and analyze and evaluate any discrepancies of actual performances from these budgets.

    Therefore it is implicit that effective and efficient managers are "someone who can manage a budget and deliver their responsibilities within the constraints it imposes" (Tennett, 2008, p. 24). In the case of the manager of an organization's security department, not only does he need to know how to operate within the budget, but he also needs to know the importance of each of the costs item included in that budget. Otherwise the manager will not be able to do his job properly if he doesn't know the ...

    Solution Summary

    This solution provides a paper that discusses operating budgets.