Explore BrainMass

"Real-World" Best Practices for Which a Budget Analyst Should Strive.

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

1. Choose and describe two (2) "real-world" best practices a budget analyst should strive
to apply.
2. Choose and describe two (2) worst practices a budget analyst should avoid.
3. State whether you think the choices of best and worst practices depend on the level of government in which the budget analyst serves. Justify your answer.


Mikesell, J. L. (2010). Fiscal administration: Analysis and applications for the public sector (8th ed.: 2010 custom edition). Mason, OH: Cengage Learning.

Occupational Handbook 2010-11 Edition http://www.bls.gov/oco/ocos003.htm

© BrainMass Inc. brainmass.com October 25, 2018, 7:31 am ad1c9bdddf


Solution Preview

Best practices in budgeting

In industry, the best "real world" budgeting practices were nicely summarized by Rogers (INC, 2008):
1. Identify information needs
2. Report by market segment
3. Integrate financial analyses
4. Use cost-volume-profit analysis
5. Improve information systems
6. Understand information limits
7. Use activity-based costing

Some of these are more applicable to for-profit setting because they help the firm to discern profits and product pricing. However, many of the principles apply in any setting. A report from the National Organization of Finance Officers recommends that budgets be the basis for "development of organizational goals, establishment of policies and plans to achieve these goals, and allocation of resources through the budget process that are consistent with goals, policies, and plans. There is also a focus on measuring performance to determine what has been accomplished with scarce government resources." This is not far from what for-profit organizations claim as their central budget goals.

1. Choose and describe two (2) "real-world" best practices a budget analyst should strive
to apply.

A good budget clearly reflects the organization's goals and informational needs.

What are the goals? And what types of data are ...

Solution Summary

Your tutorial is 746 words plus two references (one attached). Best practices in industry are mentioned (just a bullet list) and then distinctions to governmental budgets are made. Two best and two worst practices are mentioned and then defended as "classics" important to any level of government.

See Also This Related BrainMass Solution

Leadership Development and Models

Need help answering the following questions. Maybe someone help me write the answers better and or cite some references to support my answers.

1. Should all leadership development models have a scholarly research base?

I think they should. I say this because why shouldn't a leadership model be scholarly. Maybe we should explore what makes something or someone scholarly, oh we are in this course! It is my assumption that we want everyone and everything to be about scholarship and especially if we want to set up a model for those that are going to lead others whether it be into battle or in the classroom. Also, it is always good to base a theory or model on actual research or logistical findings. I hope I am answering the question correctly.

2. Should all leadership development models be quantifiable?

Well based on my answer to the above question I do believe that there should be analytical and perspective involved in developing a model, especially if you are going to incorporate it into a business or classroom. It is always a benefit to base your findings against those of someone else's scholarly work.

3. Why do you think this leadership model has lasted for more than fifty years?

Because those that have employed the model are scholarly and believe in the model they are selling. Also, in an institution that is built up on the idea of not questioning the technique but mastering it at any cost it was bound to be the only model for fifty years. Though military leaders are among some of the worlds brightest the military is a routine not a place to speculate how to be a leader.

View Full Posting Details