Consider your current company, or a company that you have formerly worked for, and describe and critique the budgeting processes that are used for that organization. If you do not have relevant work experience, use the GCU Library to locate an article on budgeting or forecasting and compare the process recommended by the article to that of the textbook. Your initial post should be approximately 250 words.
I had been working in Genpact which is a professional service company. Since it belongs to the service industry, a lot of functional budgets are prepared for different process or business units. The following the few budgets which are prepared maintained in the company on a quarterly basis.
For each line of service (like R2R, P2P, OTC, etc) a separate budget is prepared to decided the number of member for each team. Since each team member is to be paid salary for the work thus a limited number of personal can be employed keeping in consideration the cost. So here the key limiting factor is the cost allocated to the line of service.
Similarly a production budget is prepared to set the expected production to be delivered to the client from various teams. The client has set some standard expectation regarding the deliverables. The production budget is focused to meet those expectation proportionately from various teams. This budget helps to identify the output to be delivered by each employee. A flexible budget is also prepared at different production capacity level. This helps in identifying the optimum level and decision making.
Revenue budget is prepared to forecast the expected revenue from the client for different quarters. If we know the expected revenue then we can set out cost to each projects.
The functional budgets are prepared by the respective senior leader of each tower. It is then reviewed by the assistant vice president. And finally a master budget of these facts and analysis is presented to the Vice President.
Consider your current company, or a company that you have formerly worked for, and describe and...
Consider your current company, or a company that you have formerly worked for, and describe and critique the budgeting processes that are used for that organization. If you do not have relevant work experience, use the GCU Library to locate an article on budgeting or forecasting and compare the process recommended by the article to that of the textbook. Your initial post should be approximately 250 words. To participate in follow up discussion, ask questions and post comments regarding classmates'...
Using the GCU Library, locate a journal article about job-costing systems or how managerial accounting helps businesses make decisions. In the subject line of your post, include the name of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article,...
Using the GCU Library, locate a journal article about job-costing systems or how managerial accounting helps businesses make decisions. In the subject line of your post, include the name of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article,...
You have been asked to review the systems development life cycle at a healthcare facility. In order to compare your facility to others, the CEO has asked you to critique the implementation of a health system. .Go to the KU Library and identify a peer-reviewed journal article published within the last 5 years which details the systems development life cycle within a healthcare facility. Create an annotated bibliography on your chosen article.
Have you ever worked in a nursing home, a skilled nursing facility, an assisted living facility; or had a family member or family friend that was a resident in one of these facilities? Share your impressions and experience. Your post should have a minimum of 150 words
It's time again to explore this week's session with your colleagues! Select a relevant microeconomics industry of your choice in the region in which you reside. Differentiate between the firm's implicit and explicit cost and discuss the firm’s variable and fixed costs. For your chosen industry please express whether your firm is economically viable or not. Is your firm profitable? Do they have an optimistic or uncertain outlook for the near future? Locate a recent article or event (published within...
describe, discuss, diagnose and comment on a type of PA / PM system you currently (or have been subjected to) in an organization. In your presentation, be sure to integrate as many terms, concepts, methods (etc) from the textbook {along with (full)appropriate attribution} as you can into your presentation regarding the system. Make sure your presentation is well organized rather than presented in a haphazard, stream of consciousness fashion. Thus you should probably prepare, or at least organize your primary...
1. Describe a customer service event (negative or positive) you have experienced within the past few months. Tell the story of what happened and then address the following questions. 2. How did the service event affect your opinion of the company or organization involved? 3. What aspect of the organizational supply chain was most relevant to your experience? 4. In what ways, if any, could the organization have changed its logistics methods to make your customer experience more positive?
In your professional experience (current or previous), think of a specific company you have worked extensively for or with. Is (Was) a job order costing or process costing system more suited to the primary revenue* producing function? As part, if not all, of your response, include specific answers to the following: The name of the business (If confidentiality is involved, I am the only one reading this. ) The primary revenue* producing function (If more than one, pick one and...
describe a current experience (this does not need to be personal, but it can be! Your journals are not shared with other students.) that is relevant to deviance. You can describe something that may be considered deviant that you observed at home, work, or the community; something you saw or heard in the media, or some other current event. Include a description of the deviant attitude, values, belief, or behavior; what norm was violated to earn the label of deviance;...