Important Steps in the Operating Budget Process
Not what you're looking for?
Discuss the most important steps in the operating budget process. Why are these more important than the other steps?
Purchase this Solution
Solution Summary
This solution provides you with information about what an operating budget is. It then looks at the steps that are a part of the operating budget process and further points you to links which entails discussion as to the ones that are more important. All refences are provided in the solution.
Solution Preview
Hello Student,
In order to answer this question, the first thing you need to do is to define what an operating budget is; then look at the steps that are a part of the operating budget process; after which you will discuss the ones which you believe are the more important ones and why you think they are more important than the others.
Note the following excerpt:
"Operating budgets are carefully crafted budgets that focus on managing current expenses. This is different from other types of budgeting strategies that may include provisions for future transactions or the creation of additional expenses that are outside the scope of the basic budget. The focus of an operating budget is to ensure there are funds to maintain the continued operation of a business, and that those funds are distributed in the most cost-efficient manner."
Source: ...
Purchase this Solution
Free BrainMass Quizzes
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
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
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Accounting: Statement of Cash flows
This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.
Motivation
This tests some key elements of major motivation theories.