FIN 486 Week 2, Learning Team - Department Budgets

Apr 24th, 2015
Studypool Tutor
Price: $5 USD

Tutor description

FIN 486 Week 2, Learning Team - Department Budgets

Word Count: 850
Showing Page: 1/7
Department BudgetFIN 486 Strategic Financial ManagementNameDateInstructorDepartment BudgetsSuccessful companies run on successful budgets, and those with a poor budget plan are certain to fail. Budgets are not an all-inclusive spreadsheet. Each department in the company is responsible for creating and following their own budget in accordance with the company's overall financial goals. Each department is responsible for understanding how to complete their budgets in the worksheets provided to them, prepare their cash flow budget, and how to time the cash coming in and going out. Successful budgets also help the departments, and the company as a whole, forecast the sales for upcoming years.It is also vital that each department understands who the key players are and what their roles are in creating and enforcing the budget. Let us take a look at the budget spreadsheets created for the marketing, sales, operations, and human resources departments, the memorandum of instructions, and forecasted sales for Huffman Trucking.Memorandum To All DepartmentsTO: All DepartmentsFROM: Finance Department, Team ADATE: October 3, 2011RE: Department Budgets: Huffman Trucking______________________________________________________________________________Team Players Role in Strategic PlanningTeam players at Huffman trucking should include everyone in the organization striving to satisfy the clients of the organization. Since we are talking about strategic

Review from student

Studypool Student
" Thanks, good work "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1826 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors