Budgeting

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Budgeting

  1. 1. BUDGETING 3.1<br />Explain in detail the purpose and the nature of the budgeting process for an organization like Ramona (PVT) Ltd<br />
  2. 2. What is budgeting<br />Predetermine estimate for future period in total terms<br />
  3. 3. Why budgeting<br />Planning<br />Controlling<br />Communication and coordination<br />Motivation<br />Performance evaluation<br />
  4. 4. Planning<br /> functional cash master<br />
  5. 5. controlling<br /> feed back feed forward<br />
  6. 6. Communication and coordination<br />motivation<br />
  7. 7. performance evaluation<br />Financial ratio balance scorecard benchmarking<br />
  8. 8. Problems with budgeting<br />In an uncertain environment <br />For non profit organization<br />Beyond budgeting<br />
  9. 9. Budgeting 3.2<br />assess different budgeting method and its need for Ramona (PVT) Ltd<br />
  10. 10. How budgeting<br />Main approaches<br />Top down<br />Bottom up<br />Alternative approaches<br />Traditional<br />Rolling<br />Zero based<br />
  11. 11. I will recommend rolling budget for Ramona (PVT) Ltd<br />

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