Acc 556 week 10 assignment 2 budget planning and control

1. ACC 556 Week 10 Assignment 2 Budget Planning and Control
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ACC 556 Week 10 Assignment 2 Budget Planning and Control Assignment 2: Budget Planning
and Control Due Week 10 and worth 160 points Use the Internet and / or Strayer databases to
research budget planning and control. Imagine that the company that you currently work for,
have previously worked for, or would like to work for in the future has tasked you with preparing
a budget plan. Write a three to four (3-4) page paper in which you:
1.Describe the company that you currently work for, have previously worked for, or would like
to work for in the future. Determine at least two (2) compelling reasons that this company should
prepare and manage a budget. Predict the two (2) most likely positive and negative financial
outcomes for this company if it properly or improperly performs effective budgeting. 2.Outline a
high-level budget plan for the company. In your high-level budget plan, recommend the most
appropriate budgeting phases for the company. 3.Propose two (2) methods and techniques that
the company should use to manage its budget over time in preparation for the fact that budgets
are ever changing. Justify your response. 4.Imagine that the company is facing a financial
challenge that is causing the actual amounts of money that it spends to become significantly off
target from its budgeted amounts. Prepare an action plan to resolve the budget misalignment. In
your action plan, recommend at least one (1) budgeting technique to resolve the budget and
actual discrepancies. Provide a rationale for your response. 5.Use at least three (3) quality
academic resources in this assignment. Note: Wikipedia and other Websites do not quality as
academic resources. Your assignment must follow these formatting requirements: •Be typed,
double spaced, using Times New Roman font (size 12), with one-inch margins on all sides;
references must follow APA or school-specific format. Check with your professor for any
additional instructions. •Include a cover page containing the title of the assignment, the student’s
name, the professor’s name, the course title, and the date. The cover page and the reference page
are not included in the required page length. The specific course learning outcomes associated
with this assignment are: •Evaluate management control systems and examine their relationship
with accounting and planning, including feedback and non-financial performance measurements.
•Evaluate decision making tools for capital investments, budgeting, and budgeting controls.
•Analyze financial accounting tools and techniques that convert financial accounting data into
information for decision making. •Use technology and information resources to research issues

2. in financial accounting for managers. •Write clearly and concisely about financial accounting
using proper writing mechanics. Grading for this assignment will be based on answer quality,
logic / organization of the paper, and language and writing skills, using this rubric.