This assignment is your final project, and it covers one of the most important financial activities which organizations undertake: budgeting. The basis of this assignment is going to be the financial document for MANPM Opera we have been using all semester, and the assignment consists of the following components: 1.) In a short paper, talk me through the process you would use as an ED to compile an annual budget for the organization. Assume that, in addition to you, the company has managers handling production, events, and operations (you handle personnel). Additionally, explain which approach you would use (zero-based? across-the-board percentage increase? line-by-line based on past performance?) and why you would use that approach. 2.) Draft a budget for the next year based on the method you explain the paper. Assume that the company is anticipating 5% growth in revenues from this year’s budgeted amounts. For the sake of convenience, you may also assume that the same number of performances are planned for next year. Additionally, you may NOT eliminate any of the existing budget lines. Also, assume that the actual amounts in the received/paid column reflect the usual amounts received/spent. 3.) In a page, explain the choices you made in constructing your budget.
The post This assignment is your final project, and it covers one of the most important f appeared first on Assignmentio.
