Saudi Electronic University Apple Inc IT Budgeting Process Paper

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Saudi electronic university

Description

Critical Thinking: Budgeting Process (100 points)


Identify a firm with an IT budgeting process you are familiar with. Using the material in the text and that from your external research, write a paper in which you re-engineer the firm’s budget process. You are required to briefly describe the firm’s current process, your proposed changes, and the business benefits of the changes. Cite any references used.

Requirements:

  • Your paper should be 4-5 pages in length, not counting the title or reference pages, which must also be included.
  • Include at least two scholarly references in addition to the course textbook. The Saudi Digital Library is a good source for resources.
  • Your paper must follow Saudi Electronic University academic writing standards and APA style guidelines, as appropriate.


book name: IT-Strategy-Issues-and-PracticesIssues-and-Practices-3rd

there is SafeAssign Plagiarism Checker, If your score is above 25%, you will want to edit your assignment before submitting it for grading.

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Rubric Detail A rubric lists grading criteria that instructors use to evaluate student work. Your instructor linked a rubric to this item and made it available to you. Select Grid View or List View to change the rubric's layout. Name: Module 06: Critical Thinking Rubric Description: 100 points Exit Grid View List View Meets Expectation Meets Expectation Below Expectation Limited Evidence Requirements 21 (21,00%) - 25 (25.00%) Exceeds Expectation - Includes all of the required components, as specified in the assignment. 16 (16.00%) - 20 (20.00%) Meets Expectation - Includes most of the required components, as specified in the assignment. 11 (11.00%) - 15 (15.00%) Below Expectation - Includes some of the required components, as specified in the assignment 6 (6.00%) - 10 (10.00%) Limited Evidence - Includes few of the required components, as specified in the assignment. Content 21 (21,00%) - 25 (25.00%) Exceeds Expectation - Demonstrates substantial and extensive knowledge of the materials, with no errors or major omissions. 16 (16.00%) - 20 (20.00%) Meets Expectation - Demonstrates adequate knowledge of the materials; may include some minor errors or omissions. 11 (11.00%) - 15 (15.00%) Below Expectation - Demonstrates fair knowledge of the materials and/or includes some major errors or omissions 6 (6.00%) - 10 (10.00%) Limited Evidence - Fails to demonstrate knowledge of the materials and/or includes many major errors or omissions Analysis 25 (25.00%) - 30 (30.00%) Exceeds Expectation - Provides strong thought, insight, and analysis of concepts and applications. 19 (19.00%) - 24 (24.00%) Meets Expectation - Provides adequate thought, insight, and analysis of concepts and applications 13 (13.00%) - 18 (18.00%) Below Expectation - Provides poor thought, insight, and analysis of concepts and applications. 7 (7.00%) - 12 (12.00%) Limited Evidence - Provides little or no thought, insight, and analysis of concepts and applications. Sources 13 (13.00%) - 15 (15.00%) Exceeds Expectation - Sources go above and beyond required criteria, and are well chosen to provide effective substance and perspectives on the issue under examination. 10 (10,00%) - 12 (12.00%) Meets Expectation - Sources meet required criteria and are adequately chosen to provide substance and perspectives on the issue under examination. 7 (7.00%) - 9 (9.00%) Below Expectation - Sources meet required criteria, but are poorly chosen to provide substance and perspectives on the issue under examination. 4 (4.00%) - 6 (6.00%) Limited Evidence - Source selection and integration of knowledge from the course is clearly deficient Demonstrates college-level proficiency in organization, grammar and style. 5 (5.00%) - 5 (5.00%) Exceeds Expectation - Project is clearly organized, well written, and in proper format as outlined in the assignment. Strong sentence and paragraph structure; contains no errors in grammar, spelling, APA style, or APA citations and references. 4 (4.00%) - 4 (4.00%) Meets Expectation - Project is fairly well organized and written, and is in proper format as outlined in the assignment. Reasonably good sentence and paragraph structure; may include a few minor errors in grammar, spelling, APA style, or APA citations and references. 3 (3.00%) - 3 (3.00%) Below Expectation - Project is poorly organized and written, and may not follow proper format as outlined in the assignment. Inconsistent to inadequate sentence and paragraph development, and/or includes numerous or major errors in grammar, spelling, APA style, or APA citations and references. 1 (1.00%) - 2 (2.00%) Limited Evidence - Project is not organized or well written, and is not in proper format as outlined in the assignment. Poor quality work; unacceptable in terms of grammar, spelling, APA style, and APA citations and references Name: Module 06: Critical Thinking Rubric Description:100 points Exit
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Explanation & Answer

Attached.

Running head: APPLE INC. BUDGETING PROCESS

Apple Budgeting Process
Institution Affiliation
Name
Date

1

APPLE INC. BUDGETING PROCESS

2
Introduction

Apple Company is a global technology corporation that designs, manufacture, and sells
computer products, online services, and consumer electronics. The company was started in 1976,
and since then, the company has been growing, and still, now it is looking for further
enlargement (Arocha, 2017). A budget is fiscal documentation that is used by businesses to
forecast future costs and profits. A budget is used by companies to ascertain if they can continue
operating with the projected expenses and profits. This paper will look into on Apple Inc. IT
budgeting process.
Current Budgeting Process of the Company
The forecasted, real, and budgeted financial documents are reviewed to analyze the
financial allocation methods and procedures that Apple Inc. has implemented. Based on the
information reflecting on the company's financial ratios, it is clear that the company's financial
supervision process is excellent (Li, 2016). The financial ratios are healthy, and the future
outlook of the company looks positive, too (Dolata, 2018). In the words of Li (2016), the core
items of the company budget are creation, cost competence, sales, and operational competence.
The budgeting methods and policies of the company are supported by the keen supervision of the
accounting system. The budgeting method and procedures help the company employees to
understand the goals and objectives better. Financial planning is a powerful tool that can be used
in decision making and discovering the nature and level of threats that are affecting the company
(Li, 2016). The budget is always ready to be in line with the big trends that are in the
communication department. It is the readiness on what happening in the market and what is
coming in the future will pioneer an excellent budgeting process. Therefore Apple Inc.

APPLE INC. BUDGETING PROCESS

3

management needs to make a follow up on the in-progress budgeting process to handle market
oppos...


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