HMSV 8304 Budgeting Fundamentals and Beyond
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
DIRECTIVES FOR RESPONSE
At least one other learner should be contacted about the budgeting process for his or her selected company.Your response should be substantive and add to the conversation. Compare and contrast your analysis with that of your colleague, noting any parallels and discrepancies. If there are any points on which you disagree, provide a case for your point of view. If you require additional information from your peer, be sure to ask clarifying questions.
Below is a student comment:
To successfully manage money, a company “needs a realistic and precise budget, so you can start with a decent sense of what you have available to spend, where that money will come from, and what you want to spend it on” (Community Tool Box, n.d.)
. The budget’s goal is to plan for the organization’s operating earnings and expenses.
The staff is initially responsible for developing the annual budget plan, however board members (often those on the “finance committee” and/or “executive committee”) examine the proposed budget plan on a regular basis, and the complete board normally approves the budget at a full board meeting. National Council of Nonprofit Organizations, n.d.
Hamilton Foley (2010) presented the following important recognized) concepts, which are followed by the SCO Family of Services:
Budgeting depending on income is a good idea. (When budgeting for income, keep in mind that income objectives should be based on realistic expectations, and that expenses should be less than the dependable income total.) This [process] necessitates collaboration amongst all departments in terms of establishing organizational and programming priorities, as well as scheduling.)
Investigate and comprehend your revenue concentrations (the organization should have a different source of income)
Confirm the budget’s alignment with your mission and long-term/strategic objectives. (“Review the mission and strategy plan,” with the caveat, “Ensure that all strategic objectives with budget implications are included in the budget process.”)
Infrastructure should not be overlooked. (Include in the budget costs for information technology upgrades and maintenance, evaluation, and staff development.)
In addition to operations, make a capital budget. (An organizational budget should include the organization’s annual operational income and expenses, as well as resources for long-term and non-operating requirements – this is the capital budget.)
Provide narrative notes to the board to clarify budget assumptions. (Explanations to help board and finance committee members understand the underlying logic behind the figures in the budget will be greatly appreciated.)
Pay attention to what is being said. (Even if your budget is excellent, well-researched, and well-documented, it will be undermined if it is unreadable.) Budgets that are well-formatted are easy to read and understand.)
The running budget of SCO includes revenue from various funding sources as well as expenses, such as staffing and other operational costs. Their overall revenue is equal to their total expense.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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