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CJA 365 Public vs Business Budget Strategies Paper

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CJA 365

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PUBLIC vs. Business Budget Strategies

Diana Easley

Public vs. Business Budget Strategies

CJA/365 Budget, Finance and Planning

Jack McClelland

July 8, 2020

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PUBLIC vs. Business Budget Strategies 2

Introduction to budget preparation

The budget has been in the organization human economic since the time of ancient

cultures as evidenced by the fact that the Egyptians were estimated to predict the results of their

wheat crops in order to prevent years of scarcity; and that the Romans estimated the possibilities

of payment of the conquered towns to demand the corresponding tribute. There are many

advantages provided by the preparation of a good budget, however, for this, queries to the

different areas of the company such as the area of sale, collections, purchase, etc., and

comparisons of others must be taken into account. Companies such as economic statements.

Likewise, discussions in the different areas of the market and its development according to

statistics, economic and financial temptations, and according to the regulations in force in the

country where the company resides.

It is also important to add that each budget must be prepared by a professional in this area

such as economists, managers, etc. and then to be permitted, it must be reread by the company's

financial manager. Expenses are all expenses and payments that are made month by month. To

prepare the budget, it is necessary to identify the fixed expenses of the month, such as rent,

education, etc. Also, the variables, distinguishing the ones you pay every month from the

extraordinary ones. The use of credit cards or loans is common in families. It is necessary to

detail the installments of the credits that are being paid. This may include expenses on credit

cards, your home or vehicle loan fee, or other debts. It is advisable that the budget does not cover

too long a period since not all the conditions that may affect it can be foreseen. For many

companies, an annual budget is prepared, which is made up of the sum of 4 quarterly budgets.

Separately, the first quarterly budget is analyzed, which consists of three-monthly budgets. It is

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PUBLIC vs. Business Budget Strategies Diana Easley Public vs. Business Budget Strategies CJA/365 Budget, Finance and Planning Jack McClelland July 8, 2020 PUBLIC vs. Business Budget Strategies 2 Introduction to budget preparation The budget has been in the organization human economic since the time of ancient cultures as evidenced by the fact that the Egyptians were estimated to predict the results of their wheat crops in order to prevent years of scarcity; and that the Romans estimated the possibilities of payment of the conquered towns to demand the corresponding tribute. There are many advantages provided by the preparation of a good budget, however, for this, queries to the different areas of the company such as the area of sale, collections, purchase, etc., and comparisons of others must be taken into account. Companies such as economic statements. Likewise, discussions in the different areas of the market and its development according to statistics, economic and financial temptations, and according to the regulations in force in the country where the company resides. It is also important to add that each budget must be prepared by a professional in this area such as economists, managers, etc. and then to be permitted, it must be reread by the company's financial manager. Expenses are all expenses and payments that are made month by month. To prepare the budget, it is necessary to identify the fixed expenses of the month, such as rent, education, etc. Also, the vari ...
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Tags: Budget Preparation preparation of a good budget economic statements use of credit cards funding sources of public revenue