This Week's Paper: Using The Information From

For This Weeks Paper You Will Be Using The Information From Your Wee

For this week's paper, you will be using the information from your week 2 memo. In week 2, you were asked to explain to your employees what you were looking for in a budget. Now you will need to utilize this information to report to your bosses. Please prepare a budget presentation to give to the executives of the company. Refer to chapters 1 and 2 in Budgeting Basics and Beyond.

You are free to skim through the rest of the book as well. Please be aware, I am not asking you to prepare an actual budget. I would like a PowerPoint presentation describing what you need money for and why. While this is a fictitious report, you need to provide valid justifications for your requests. Chapter 19 provides an example of what a formal report should look like.

These types of presentations are often used to project the future success of the company and could be presented to investors and stockholders as well. Make sure to include a reference page using APA format!

Paper For Above instruction

In this presentation, I will outline the key components necessary to formulate a compelling budget proposal to the company's executives and stakeholders. Drawing from my Week 2 memo, where I articulated the essential factors to consider in a budget, this report emphasizes the importance of strategic allocations, justifications, and alignment with the company's future growth objectives.

The foundational step in preparing a budget presentation is understanding the company's strategic goals. These goals serve as the guiding principles for resource allocation. For example, if the company's primary focus is on expanding its product line, then the budget must prioritize funding for research and development, marketing, and production facilities. The presentation will highlight these priorities and explain how each expenditure aligns with the overarching business strategy.

Furthermore, it is vital to identify the specific areas requiring financial support. These areas could include operational costs, capital investments, employee training, or technology upgrades. For each category, I will provide detailed justifications based on data, industry benchmarks, and projected benefits. For instance, investments in new technology can enhance operational efficiency, reduce costs in the long run, and improve customer satisfaction.

The presentation will also include a section on forecasting and expected outcomes. It is important to demonstrate how the proposed budget allocations will contribute to the company's growth and profitability. This involves presenting revenue projections, cost savings, and market expansion potential. Having a clear financial forecast reassures stakeholders that the funds are allocated effectively.

Additionally, risks and contingency plans will be addressed. Every budget proposal should acknowledge potential uncertainties, such as market volatility or supply chain disruptions. By discussing mitigation strategies, the presentation reassures executives that the plan is resilient and adaptable.

To enhance credibility, the presentation will include supporting data and visual aids such as charts and graphs. These visuals will illustrate budget breakdowns, expected return on investment, and timeline milestones. As recommended in Chapter 19, a well-structured formal report format will be adopted, ensuring clarity, professionalism, and persuasive communication.

Finally, the presentation will conclude with a summary emphasizing the strategic importance of the proposed budget, its alignment with corporate goals, and the anticipated positive impact. A comprehensive reference page in APA format will be included to cite all sources and data used throughout the presentation.

References

• Brigham, E. F., & Ehrhardt, M. C. (2019). Financial Management: Theory & Practice. Cengage Learning.
• Gelinas, U. J., Sutton, S. G., & Charnes, J. M. (2018). Accounting, Budgeting, and Control systems. South-Western College Pub.
• Pyhrr, S. C., & Hatch, D. W. (2000). Budgeting: Profit Planning and Control. Richard D. Irwin.
• Shim, J. K., & Siegel, J. G. (2018). Budgeting and Financial Management for Nonprofit Organizations. Wiley.
• Horngren, C. T., Sundem, G. L., Stratton, W. O., & Burgstahler, D. (2018). Introduction to Management Accounting. Pearson.
• Anthony, R. N., Hawkins, D. F., & Merchant, K. A. (2019). Accounting: Texts and Cases. McGraw-Hill Education.
• Kaplan, R. S., & Norton, D. P. (2004). The Balanced Scorecard: Measures that Drive Performance. Harvard Business Review.
• Anthony, R. N., & Govindarajan, V. (2018). Management Control Systems. McGraw-Hill Education.
• Drury, C. (2018). Management and Cost Accounting. Cengage Learning.
• Welch, J., & Welch, S. (2019). Winning. McGraw-Hill Education.