Budgeting, Finance and Payment Systems, management homework help

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timer Asked: Nov 22nd, 2016
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Question Description

Please answer the following:

1.Why is the budgeting process used? How is the financial plan intermingled with the budget? What is the largest section of a budget and why?

2. Discuss the Planning, Budgeting, and Controlling processes (PBCP), the three (3) major phases of a formal management control system. Describe how this is utilized by health care organizations.

Tutor Answer

benwamonicah
School: Carnegie Mellon University

Attached.

Budgeting, Finance and Payment Systems
Thesis statement: Financial planning is one of the most important elements in a business. The
following paper discusses: i.

Why the budgeting process is used.

ii.

How the financial plan intermingled with the budget

iii.

What is the largest section of a budget and why

iv.

The Planning, Budgeting, and Controlling processes (PBCP)

v.

The three (3) major phases of a formal management control system and how this is
utilized by health care organizations.


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Budgeting, Finance and Payment Systems
Question 1
In order for a business to be effective and to function in a way that brings profits, it is
important to incorporate a budgeting process. A budgeting process I used so that the business ca...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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