Budgeting is a crucial aspect of any institution or government’s operations with an aim of enhancing goals and objectives’ achievement in line with specific environment and needs. Thus, budgeting is greatly guided by policies that define the suitable actions in line with set goals and objectives either in response to changing environment or as a way of fostering opportunities’ utilization. In that respect, governments have budgeting planning that is specific to their constituents’ needs and that defines the objective of this analysis which seeks to demonstrate the budgeting process for a State in view of its status and Continue reading...
Budgeting Research Papers Samples For Students
Good Example Of Research Paper On Healthcare Budgets And Management
The Budget-Building Process
Several steps are involved in this process. The first step is identifying the goals for budgeting. It is important to involve all departmental heads at this stage as they overview the developmental goals for the individual departments. The second step involves a review of the financial status of the organization. This involves a review of balance sheets, previous tax returns, income statements, cash projection and flow, outstanding debts, assets and liabilities. These give an idea of where the current budget starts. The third step involves defining costs. The costs in this step are those associated with the goals identified Continue reading...
Free New Management Accounting Techniques Research Paper Example
A recent research on management accounting culture change established how accounting practices are woven into the cultural fabric of any organization. The study adopted and explored theories of a series of cultural change interventions related to management accounting. The traditional accounting methods involved process costing, standard costing and job-order costing. The evolution of business environment was considered efficient because of its role in the accounting techniques. The new methods labeled as advanced management techniques were considered to provide tools of achieving a competitive edge. They include Kaizen costing, activity-based costing, value-added accounting, cost of quality, strategic management accounting and Continue reading...
Research Paper On Policy Implications On Performance Based Budgeting
The Economist (2010) in one of their issues pointed out ‘there is a need for a reinforced central government model, different from any authoritarian or imperative model of the past.’ The global economic crisis revealed to the world that not only markets are subject to downturns, but also public sector. In times of instability government represents the last resort of confidence for its nation. People want to believe that no matter what happens outside of the administrative walls, the political system is solid. Still, the financial crisis did significantly affect public sector as budgets were cut out. It caused Continue reading...
Good Applied Managerial Finance Research Paper Example
There are number of things that come under the ambit of financial management, and among them, the name of Capital Budgeting is one of them (Parkinson, 2012). The main perspective of this assignment is to analyze the Capital Budgeting stance with the help of Net Present Value (NPV) and Internal Rate of Return (IRR).
Cash Flow Analysis
Initial Outlay = $ 20 Million Equipment
WACC = 5%
Tax Rate = 35%
The cash inflow is mentioned below,
Net Present Value
Net present value commonly denoted as NPV is an important financial tool which is applied to scrutinize the degree of deviation between present value of cash inflows and the Continue reading...
Research Paper On Capital Budgeting Techniques
Investment appraisal or capital budgeting is essentially a finance terminology for process of making a decision whether to undertake a given investment project or not. Therefore, it is a process that is used by the firms to determine whether or not a given investment is worthwhile. Frequently companies will have a number of opportunities and they should measure the potential of these opportunities so as to compare and choose only one or a few of them. It is therefore the responsibility of the organization’s management to analyze the potential projects and then chose the project(s) that look Continue reading...
Research Paper On Budgeting
Budgeting is one of the most important parts of financial management. Budgeting allows the management to identify the areas where the company will be making expenses along with identifying cash inflows. Thus it helps the management to analyze the difference between the expenses and revenues and therefore by comparing these two, budget can provide estimated profits that the firm would make. Budgeting therefore helps the management of the firm to make decisions, to analyze the future cash inflows and outflows and thus make decisions accordingly (Besley, & Brigham, 2007).
This report has been divided into three parts. The first part Continue reading...
Good Research Paper On Budgetary Analysis
What process do budgetary policies follow? What legislative committee is assigned to each part?
When it comes to budget, most of the people presumed that it is something occurs due to lack in funds. The students usually turn into a budgeting mode to meet their expenses within limited resources. The word budget is mainly taken as the number of instances and perspectives, however, the main purpose of the budgeting is not for specified scenarios such as to manage expenses within tight financial situation but it is for everyone either for rich or poor in a similar manner. Budget is usually referred as the anticipation of the incomes and expenses for a particular span Continue reading...
Budget Analysis Research Paper Example
County of San Diego CAFR and Budget for the Year Ended June 30, 2012
The County of San Diego is ranked second as the county having the largest number of people residing in the state of California. San Diego is identified as being part of the Southern border economic region. The region of the southern border is described to be the highly diversified in terms of economic development in the entire state of California. The county is a tourism destination for surfing and the mild and attractive climatic condition. The county of San Diego is regarded as being the in second position in the Cruise ship industry. This industry earns the county Continue reading...
Free Research Paper On Budget Deficit And Public Debt
The budget deficit and the amount of public debt is an important indicator of an economy. This area of concern has traditionally received much attention. The budget process involves the balancing of public revenues and expenditures. Budget imbalance means quantitative disparity between income and expenditure budget. The excess of expenditure over budget revenues is called the “budget deficit.” The unbalanced budget could lead to the emergence of a surplus, ie excess of income over the expenditure. However, in practice, almost all countries now, there is significant scope for excess government expenditure over income. The result is a rapid increase Continue reading...
Free Research Paper About Federal Deficits, Surpluses, And The National Debt
The total budget of the United States is comprised of the off-budget and the on-budget. Off-budget are parts of the budget that have trust funds. This is for instance social security fund, and Medicare. On the other hand, parts of the federal budget that operate without a trust fund are referred to as on-budget. A deficit or surplus in the total budget is influenced more by the on-budget than by the off-budget such that, a deficit in the on-budget increases national debt. Much of the history of the history of the United States of America from 1930 to 2011 Continue reading...
Research Paper On Budget Deficit And Its Impact In The Economy
Budget Deficit and its Impact in the Economy
Every government has a budget of its sources of income and expenses. Yearly, the budget is reviewed and a new one is rolled out. The government may either have a budgetary surplus or deficit. A budget deficit occurs where the expenditure of the government exceeds the revenue that it has collected in a certain period. There have been arguments by different scholars on the adverse and positive effects of budgetary deficits on the country’s economy. I will highlight the positive and negative effects of the budget deficit and the Continue reading...
Research Paper On Man Acc DB 3
Management Accounting DB3
Management Accounting DB3
Some people say budgets are not good for control but great for planning. This statement can be interpreted in a broader spectrum within the subject of managerial accounting. It is common practise for accountants to use budgets in the achievement of both planning and controlling. In most cases the role of planning is to outline the number of activities to be undertaken in the pursuit of various organizational objectives. The budget gives the estimates in relation to the outlined activities and is often limited by the amount of capital at the disposal of the organization. On Continue reading...
Efforts To Reduce The Budget Deficit Research Paper Sample
When the spending and expenditure of the government exceed the incomes the government receives from taxes, then the budget deficit occurs. A budget deficit plunges a country into a state with high public sector debt. Budget deficits have far fetching effects on the economic status of the country. If they become unsustainable, high interest payments and rising bond yields become a common feature in the country. An increase in the interest rates scares away investors who fear losses that may accrue to them when the capital they invest fails to give the expected returns . If they become worse, budget Continue reading...
Financial Planning Research Paper Example
In any given business, budgeting and drawing of personal financial statements is vital in the health of the business, or personal financial status. Whereas some would think of doing away without budgets and personal financial statements since they find it easy to deal with their finances without the two, it would be much easier when one budgets and draws their personal financial statements.
Budgeting is important as it puts you in full control of your finances. with proper budgeting, you can avoid unexpected overspending, running short of cash when you most need it and you will cover Continue reading...
The Government Agency Research Paper
The street children force society is humanitarian government agency which tries to get street children off streets in the cold and from dangers found on the streets and put them in fosters homes where they can be taken care off so that they can become better citizens of tomorrow. We also offer relief food and medical aid services to vulnerable streets families who need urgent emergency, we doesn’t discriminate anyone base on gender or race.
The organization has branches all over the major city of the country. It’s also involved in community services projects like provision of Continue reading...
Contemporary Issues In Aging - Ageism Research Paper
Discrimination on the basis of age is termed as ageism. Ageism has been prevalent for a long time in the western society as well as other societies; elderly are commonly being perceived as people of low value (Bowling, 2007). They are also considered to be a significant economic burden to the society; and is often perceived that any medical treatment would not bring much benefits to the elderly individual; and will be of a shorter duration; and that they have already had a ‘fair innings’ in life (Bowling, 2007).
The family, friends, care givers, society, and the policy makers Continue reading...
Budgeting And Public Administration Research Paper Sample
Public transparency is important in that there is increase in the level of trust from the public. There are various ways of understanding and demonstrating public transparency one of which is the ability of the public to know who is responsible for what act within the government. In this research paper, the learner takes a closer look at budgeting in the office of the president. Specifically, there will be focus on four select departments within the national budget. This will include the U. S. Coast Guard, U. S. Environmental Protection Agency, U. S. Secret Service and Continue reading...
How Do Universities Spend Their Money On Research Paper
Most people consider higher education to be an advantage and a benefit that is supposed to increase a person’s chances to get a high-paid job and life full of abundance soon after graduation. The side effect that students and their parents usually agree to is high tuition fees and, thus, most probably six-figure student loans that will take a lot of time and effort to repay (Hacker, and Dreifus). Meanwhile, for their book Higher Education: How Colleges are Wasting Our Money and Failing Our Kids — and What We Can Do About It Andrew Hacker and Claudia Dreifus tracked Continue reading...
Free Research Paper On Pro-Forma Budget
Yes, the company was anticipating for a profitable year. The company had budgeted that the total expenses for the year would be 276,881,596 this was far way below its total revenues which it anticipated would be 542,686,558. This means that the company was planning to get a profit of 265,804,961 before tax and after payment of taxes that were to amount to 46,067,953 it was expecting that there would be a total profit of 219,737,008.
The company is still anticipating for a profitable year ahead this even comes after Continue reading...
Research Paper On The Effects Of The Farm Bill
Public policy in the United States refers to legislature on the production, distribution and selling practices of food products. Ever since the Great Depression, the federal government came up with regulations known as the Farm Bill that would assist the farmers by increasing and stabilizing their farm earnings (Godwin, Mishra and Ortalo- Magne, 6). Over the history of the country, the government has used two tools, price supports and price control to ensure that the income of the farmers is not adversely or negatively affected.
There are different kinds of farm subsidies that a government can provide for its Continue reading...
Research Paper On The Economy Of Germany
Environmental sustainability refers to making decisions and taking decisions with the aim of protecting the natural world. The main interests for this factor include the preservation of the environment to maintain the aptitude of the environment to sustain human living (Atkinson, Terizakis & Zimmermann, 2011). Environment sustainability supports business and economic growth in any country. The European Union lays massive weight on the emphasis for the sustainability of the environment.
In 2009, the European Commission took a step towards the development of the environment sustainability within the region. It reviewed the European Union Sustainable Development Strategy. This was an improvement Continue reading...
Example Of Health Policy Research Paper
Health Reforms: Home Care Reforms in Canada
The Canadian health care system has undergone several reforms in the last decade. In 2001 the Prime Minister instituted “The commission on the future of healthcare in Canada,” commonly known as the Romanow Commission. The Romanow report recommended improvements in primary care, home care, catastrophic drug coverage, Aboriginal health among others. Expansion of home-based care services such as palliative care, post-acute patient management and mental healthcare featured prominently among the proposed home care reforms. Accords by ministers have also backed home care services and increased funding to this sector. This paper presents the Home Care reforms at the national Continue reading...
Cuts To Public Safety In California Research Paper
A cut to public safety in California has been an issue which has been within this state for a period of time. Particularly, the issue is on the budget cut on the finances that has been allocated on the public safety. It is very unfortunate that the cuts have some adverse impacts on the safety services which are aimed for the public needs. There have been an intense debate on this issue and this has therefore attracted a great deal of people.
Some key players in the issue
Some of the people are for the idea Continue reading...
Research Paper On Role Of Personal Financial Planning
Investing in the Future
Investing in the Future
One of the most important aspects of modern life is planning the financial future. It’s not a secret that every successful task in our life needs planning, whether it is planning a holiday or planning some long-term event. However, the most significant of all things is personal financial planning as it secures good future life for people involved in this process. Planning the financial life a person should be serious and responsible and should examine many aspects which influence the process of financial planning at all. The finances should be balanced taking into consideration Continue reading...
Example Of Planning A Family Vacation Research Paper
Specific purpose: To give the audience an insight into some of the factors to consider when planning a family vacation.
Central idea: Planning is core to the success of a family vacation and all important factors should be taken into consideration.
There is a misconstrued concept that little or no planning is required when going out on a family vacation. Most individuals assume that things would fall into place in the course of the vacation. However, this assumption, or lack of planning thereof, leads to a disastrous vacation. Planning is an essential prerequisite of a successful vacation. The main reason for a family vacation is to bond; in a fun way. It would thus be a major setback should Continue reading...
The Historical Significance Of The Us Landing On The Moon Research Paper
The Historical Causes of the US Lunar Projects
The United States and the Soviet Unions at this period in history were the world Super Powers. The two countries were engaged in the Cold War trying to dominate each other. There were three events that occurred that caused the United States to launch into lunar projects. In the year 157, the Soviet Union launched the Sputnik 1 which was the first artificial satellite in the outer space. The launch of the satellite caused quite uproar in the United States as it felt that the Soviet Union was advancing in technology at a higher speed (Spudis, 2010). The event Continue reading...
Example Of Research Paper On Suffolk Police Department Budget
Sources of Revenue
The police department accounts for 21% of the county’s budget. There are various ways the budget is funded to ensure the department continues to serve as required. Property tax is based on an assessment and is paid by everyone who owns land. The county executive officers prepare the budget showing how much the county is supposed to spend for all purposes. The executives estimate the amount of state and federal aid and other revenues that will be available and the balance is derived from property taxes.
The New York state constitution sets a limit on the amount raised Continue reading...
Good Research Paper About Finance In Hospitality
Hospitality industry has grown in the recent past. The increase has necessitated investors to tap the market gap by setting up or upgrading the existing businesses. In return, this requires funding that again calls upon investors to determine the available avenues to get funding. The acquired finances will require to be properly managed by maintaining records of account and analysing the financial strength. Planning would be necessary to ensure the resources are utilised efficiently. This can be done by maintaining a budgetary process.
The business funding is becoming increasingly important in the global economy. With the new wave of Continue reading...
My Overall Current Situation Research Paper Sample
Personal Financial Plan
The purpose of this presentation is to provide a general overview of some of the aspects of my personal financial position.
I am 38 years old. I have a wife who is 33 years old and I also have two children aged 5 and 8. I have hopes of sending both my children to college. I have a home which I am still paying for using a mortgage plan.
- I have assets of approximately $ 550 000
- I have liabilities of approximately $ 40000
Current and Future Income needs
- Both my wife and I hope to retire at the age of 65
Research Paper On Continuation Of The Space Program
There is currently considerable debate about whether or not the U.S. space program should continue, particularly bearing in mind its huge costs in these times of austerity, when budgets everywhere are subject to severe constraints, from government level down to individual households. Also, because manned space exploration is not without risk (witness the Challenger and Columbia disasters in 1986 and 2003 respectively that cost the lives of all seven crew members in each case), many question whether those risks are justified; what does humanity gain from space travel that can cause the risks to be considered worthwhile? This research Continue reading...
Free Research Paper On Germany And Austerity Program
Germany has been a model economy for the Euro zone with its fiscal frugality which has maintained the country on an impressive growth while the other European countries were struggling with debt crisis. However, despite a favorable GDP growth and low unemployment, the country is facing challenges with high inflation. The current situation is a result of combination of both poor decision making and market sentiments in the region. In addition, the country’s greatest debt is in the hands of the financials and non financial corporations with each having 87% of the debt while government holds 83%. In Continue reading...
Free Research Paper On Interview Summary
Main roles and responsibilities of the Chief Financial Officer
The chief financial officer for the Apollo Group essentially does financial department management. He is the head of all the finance related departments. The departments under his docket include the following: accounting, tax, treasury and financial planning. As the head of these departments, he is responsible for a number of duties that resonate around service delivery of these departments. Overall, the officer is the chief accounting executive of Apollo Group. Consequently, he would be credited with the financial success of the Group and assumes liability and blame for any financial Continue reading...
Effective And Ineffective Financial Management Practices In Health Care Financial Management Research Paper
When maintaining an operating budget in a healthcare facility, there are many factors to consider. Obviously, the essential conceit of an effective financial management process is to be able to spend just as much money as you need – no more, no less. The example given in this paper, of the 2009 to 2010 operating budget of the Patton-Fuller Community Hospital, is one of a very effective budgeting plan that showcases extremely practical, workable strategies for operating a health care facility.
One of the biggest challenges to making an efficient budget in this day and age is the poor economy, Continue reading...
Research On Case Study 2 Research Papers Example
Jennifer Barry required financial planning, which would help her to monitor and reevaluate her financial position. It would help her to plan how to spend, save, protect and invest her financial resources into feasible projects. Thus, solid understanding of financial planning gives her a better chance of success to the individual facing the financial challenges. Such success could include paying lower credit costs, reducing her income taxes, purchasing assets at fair prices, and planning for a better retirement among others (Garman and Raymond 4). The best success that financial planning could offer Barry is freedom from financial challenges that Continue reading...
Research Paper On Capital Budget
Oklahoma City agency
This is the agency in the state of Oklahoma in the USA. As far as population is concerned, the city ranks 30th in the US. This population calls for accurate planning in order to meet the various needs. In order to meet this need, this agency prepares annual budgets for the planned expenditures.
Oklahoma City Budget, Programs & Capital Projects
The budget for this city is $1,027,852,482. The General Fund Budget was USD 400.8 million. The major program that has been proposed under the current financial year is an increase of 40 new police positions. This increase will sum up to 1116 positions Continue reading...
Memo Research Paper Sample
When preparing the project plan, essential considerations have been taken into account to ensure that the project meets the expectations, is within the timeline, does not evidence any waste of resources, and is not over-budgeted. Highlighted herein is the analysis and report of the unplanned changes, the evaluation of the project quality, and the procedures to be implemented in handling change control issues. Also included is how we plan to communicate whether the project is meeting the stated performance and quality objectives.
A management guru once said that "what gets measured gets done" (McQueen, 2009). Measurement reduces the uncertainties. Continue reading...
Sports In Wichita Research Papers Example
Increasing the Popularity of Major League Baseball among Children and Teens in Wichita, Kansas
Wichita, Kansas has a minor league baseball team, the Wichita Wingnuts which plays in the AA League. The Commissioner of Major League Baseball would like to increase popularity of the game among children and young adults through a marketing program. The nearest MLB team is the Kansas Royals based in Kansas City. In addition, Oklahoma City in Oklahoma is looking to host a Major League Baseball team as well, and currently has a minor league baseball team, the Redhawks, which is the AAA affiliate of the LA Dodgers.
Given the proximity and presence of all these baseball Continue reading...
Free Research Paper On Mayor Alvin Brown Of Jacksonville Florida
Alvin Brown as a mayor.
Jacksonville Mayor Alvin Brown is facing discontent in and out of City Hall as he tackles the many challenges of political issues since becoming mayor. There has been a series of wrangles occasioned by the discontent arising from the differences between the mayor and some members of the city hall.
His vision of, “taking Jacksonville to the next level, through Job creation, downtown revitalization and making education and public safety top priorities” has been hit by a major critique as most members of the city hall oppose his ideas and actions especially on the financial matters. Despite his efforts Continue reading...
Free Research Paper On Greece - Euro Crisis
Greece-Euro Crisis: A Background
In 2001, Greece became the 12th European nation to get the membership of the EU, and endorsed the Euro as its single currency of the continent. The country got the EU membership that would put Greece strongly placed in Europe. Nevertheless, even then a number of economists were afraid that the Euro's stability could be affected by the inclusion of weaker countries from the European region.
With the aim of qualifying for Euro membership, Greece was required to adopt stringent austerity steps, mostly through massive cuts in public expenditures. When the euro was launched in global financial markets in Continue reading...