Discusses budgeting in public sector & non-profit organizations. Critiques primary budget formats (performance, program, zero-based and objects of expenditure).
# 17663 | 1,350 words | 6 sources | 1988 |
Published on Feb 26, 2003 in Accounting (Managerial) , Accounting (General) , Public Administration (General)
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From the Paper:" The purpose of this paper is to critique the principal budget formats used by public sector and non-profit organizations. In this critique, the strengths and weaknesses of each budget format are identified, and their managerial implications are stated.
THE BUDGETING PROCESS
A budget, as a noun, is a detailed financial plan for the organization, which (1) describes financial resources expected to be available to the organization during the period covered by the budget, (2) identifies anticipated sources of the financial resources, and (3) provides a plan for the allocation and use of the identified financial resources (Garrison, 1985, p. 274). Budgeting, as a verb, is the process by which a budget is created (...)"
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Budgeting (2003, February 26) Retrieved August 18, 2019, from https://www.academon.com/analytical-essay/budgeting-17663/
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