Write a memo to the budget managers in an organization

This is more common in government and nonprofit organizations, but can be found in for-profit enterprises as well. Your memo should direct budget managers not to utilize this approach, but also offer a logical rationale, and perhaps an alternative solution. Solution Summary Your discussion is words and a reference and gives six reasons that this practice is harmful and a solution that solves this practice.

Write a memo to the budget managers in an organization, assuming you are the CEO. This process, usually referred to as "use it or lose it" can be harmful to objectives of any organization.

During any financial year, the budget is prepared by every department of the company in order to finalize on the resources that are required to manage the activities of the departments during that financial year. And so when they take the overruns or fail to report a situation, they will be doing as we do.

Write a memo in 3 pages to the budget managers in an organization, assuming you are the CEO. So, to avoid having their budget dollars reduced, managers often increase spending at the end of the year to ensure all budgeted amounts are spent even if items are not necessarily needed.

If we shade the truth for personal advantage, they will think this is acceptable. This is more common in government and nonprofit organizations, but can be found in for-profit enterprises as well.

This process, usually referred to as "use it or lose it" can be harmful to objectives of any organization. Please make sure it is complied with plagirizm rules since this will be submitted through turnitin paper originality check system.

And, once it becomes apparent that you have this practice, your integrity in other matters will be suspect. Attached is the rubrick for this paper. Tone at the Top One of the best barriers to fraud in an organization is the tone-at-the-top.

It is common at many local, state, or national governmental agencies, and nonprofit organizations, and even in some for-profit enterprises for managers to increase spending at the end of the budget cycle.

The budgeting process and budgets themselves have significant impacts on management actions and performance, in both positive and negative ways.

Spending just to be sure that your budget continues at a certain level is not ethical and violates the IMA ethical code. It is common at many local, state, or national governmental agencies, and nonprofit organizations, and even in some for-profit enterprises for managers to increase spending at the end of the budget cycle.

Your memo should direct budget managers not to utilize this approach, but also offer a logical rationale, and perhaps an alternative solution. Budgeting is a vital management activity that co-ordinates the other actions and activities of an organization.

The teams looks at us.Write a memo in 3 pages to the budget managers in an organization, assuming you are the CEO. Your memo should direct budget managers not to utilize this approach, but also offer a logical rationale, and perhaps an alternative solution. Budget managers and key personnel, It’s that time again and with fiscal year-end fast approaching, we need to prepare diligently.

Please read this memo carefully. You, as budget manager, are responsible for verifying that transactions (income or expense) on all funds are recorded accurately.

Aug 01,  · Less formal documents, such as memos, need not use formal language. However, they have a specific format. They are typically short and are used to clearly and quickly address specific actions or management tasks. For a detailed memo style format, click here.

Budgets: why use it or lose it is harmful, reasons solutions

Editing. If this is a critical memo, solicit feedback from a friend or colleague. Write a memo to the budget managers in an organization, assuming you are the CEO. Your memo should direct budget managers not to utilize this approach, but also offer a logical rationale, and perhaps an alternative solution.

Budgeting Process Memo To: Budget Managers From: Date: November 15, Re: Budgeting Process Introduction According to killarney10mile.com, a budget is defined as an “estimation of the revenue and expenses over a specified future period of time.

A budget is a microeconomic concept that shows the tradeoff made when one good is exchanged for another”.

1 A budget %(8). In this type of scenario, it is worthwhile to pay visits to such organizations to interview their management and consider how that organization’s financial experience compares.

For a typical hospital approximately 60% of the budget is spent on labor, and most of that is spent on nursing labor (Goldberg & Fleming,).

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Write a memo to the budget managers in an organization
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