ACC241 essay
syt450280937
- Using the textbook and/or the Internet, find resources that confirm the importance of budgeting to organizations and answer the questions below in essay format.
- Your essay must include an introduction, body, and conclusion, and address all relevant parts of each question. Your response should be a minimum of 300 words in length. Make sure to cite any references you use. At a minimum, you must cite your textbook and one other resource. Proper citation format for a reference includes the name of the author(s), the title of the work, the date of the publication, and the page number.
The Budgeting Process
- Briefly describe your understanding of how and why managers use budgets.
- What types of budget approaches are typically used in for-profit companies as opposed to non-profit organizations? Explain at least two different budget methods.
- Describe a minimum of two ways in which a personal budget is similar to a business budget. Elaborate your response.
Note: You must use and cite at least two resources.
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