Purchase Solution

Financial Management

Not what you're looking for?

Ask Custom Question

Hi you helped me with an assignment on Oct 07, 2009 9:35 pm)#274401

Based on that could you help me with the following: Tks

(1) Apply the global accounting principles such as (College Income, Current Exp., Additions to Capital Stock, Operating Costs, and Wealth -EOY) To this Budget: how would this change the budget you created last week? Would this make your budget easier to understand and manage?

(2)Now Make reallocations and adjustments to your departmental budget by applying various reallocation strategies to balance a budget.

(3). If you were the VP of Finance what key things would you do, and look for, in providing feedback on the reallocated and revised one year departmental budget of some of your peers.

NB: 2 different Excel budgets with explanations and please help me to explain/understand #3. Thanks

Purchase this Solution

Solution Summary

The expert examines financial management budget concepts. The response addresses the queries posted in 660 words with references.

Solution Preview

The response addresses the queries posted in 660 words with references.
//A budget is an important factor for any type of organization because it is concerned with the internal control. It is a part of planning and simplifies the implementation of organizational strategies. In this paper, the allocation of budget will be considered. It will give an insight about how budget is changed due to the change in expense.//

Change in the Operating Budget

The education institution is endeavoring to improve its strategy to get huge income and growth in the education industry. The current income of the institute is $175,000. It is expected that revenue will be increased by $20000 due to the marketing efforts. 11.43% will be changed in revenue. This will be positive change in institution's revenue. The institution also has an expansion program. Therefore, it will raise additional capital from the share market to meet its financial requirements; and because of this, the organization has to incur additional advertisement and prospective printing expense. The prospective printing ...

Solution provided by:
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
Recent Feedback
  • "Thank You so much! "
  • "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
  • "great job. I will need another help from you. "
  • "first class!"
  • "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution


Free BrainMass Quizzes
Basics of corporate finance

These questions will test you on your knowledge of finance.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce