Budgeting Comparison Essay

An analysis of the differences in budgeting within individual, for-profit, non-profit and public sector organizations.
# 6115 | 1,585 words | 11 sources | MLA | 2002 | US
Published on Jul 16, 2002 in Business (General) , Accounting (General) , Public Administration (General)

$19.95 Buy and instantly download this paper now


This paper discusses the commonalities and differences between the budgets of individual, for-profit, non-profit and public-sector entities. This paper explains how the budget process is similar and different between all of these entities. Budgeting is a critical element in financial planning, explains the author--whether the budget applies to an individual, a company or public entity, the budgeting process, its application and execution forecast the expected future.

From the Paper:

"One of the most essential ingredients for a manager to effectively run an organization is the ability to develop and implement a good budget. The main objective of a budget is to establish a method of allocating limited resources in order to achieve the best return on their dollars. Furthermore a budget also outlines the various sources of revenue and the anticipated amount of money that will be derived from each source. Individuals, governments, non-profit organizations and profit making businesses commonly use this financial planning process. Each of these entity's budgets have many similarities and differences."

Cite this Comparison Essay:

APA Format

Budgeting (2002, July 16) Retrieved September 28, 2023, from https://www.academon.com/comparison-essay/budgeting-6115/

MLA Format

"Budgeting" 16 July 2002. Web. 28 September. 2023. <https://www.academon.com/comparison-essay/budgeting-6115/>