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N097 Guidance To Financial Stability

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Running head: GUIDANCE TO FINANCIAL STABILITY 1
Guidance to Financial Stability
Institutional Affiliation
Date

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GUIDANCE TO FINANCIAL STABILITY 2
For a program to ensure financial stability and fiscal soundness, it is necessary to come
up with effective guidance that would facilitate achieving this stability. Budgeting for the
program is the best guidance that would ensure that the start-up program plan for its facilities
based on a strong understanding of its finances. When a program is guided by a strict budget, its
financial stability would be guaranteed by developing a financial plan that would secure
financing of its support services facilities (Jean-Franois, 2015).
Gaining a clear understanding of a program’s financial side through budgeting
strengthens the provision of services while ensuring financial stability in various ways. The
program would be able to manage and plan for the financial requirements in maintaining the
facilities that would provide the support services. This would involve assessing the financial
requirement for each program such as the requirements needed in sustaining the provision of
shelter, counseling, guidance, and legal consultation. Being guided by the budgetary
requirements of all these tasks, the program would be able to lay out a way of sustaining the set
financial requirement which would ensure that the program experiences no instability in
performance due to lack of funds.
Through budgetary guidance, a program is also able to determine the size of the various
development projects it can run without being financially stretched by ensuring effective
communication with the funding sources of the various projects (Jean-Franois, 2015). The
reasons behind choosing to budget as the most effective guidance which would ensure financial
stability and fiscally sound are many. The program would be able to perceive its overall
operations and plan according to the available finances. The program would also be warned
when its financial stability is threatened which would help it to control its expenses. Through
budgetary guidance, a program would also be able to estimate the anticipated revenues and the

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Running head: GUIDANCE TO FINANCIAL STABILITY Guidance to Financial Stability Institutional Affiliation Date 1 GUIDANCE TO FINANCIAL STABILITY 2 For a program to ensure financial stability and fiscal soundness, it is necessary to come up with effective guidance that would facilitate achieving this stability. Budgeting for the program is the best guidance that would ensure that the start-up program plan for its facilities based on a strong understanding of its finances. When a program is guided by a strict budget, its financial stability would be guaranteed by developing a financial plan that would secure financing of its support services facilities (Jean-François, 2015). Gaining a clear understanding of a program’s financial side through budgeting strengthens the provision of services while ensuring financial stability in various ways. The program would be able to manage and plan for the financial requirements in maintaining the facilities that would provide the support services. This would involve assessing the financial requirement for each program such as the requirements needed in sustaining the provision of shelter, counseling, guidance, and legal consultation. Bei ...
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