Budgeting process | Accounting homework help
July 20th, 2020
I need an Account Pro, someone I won’t babysit through this simple work. The work is due in 7hrs, I will appreciate honest, if you cannot deliver it within the deadline, please don’t sent hand-shake
So your new accountant could practice the budgeting process in your for-profit company, you want her to compare budgeting methods for two different kinds of entities.
1 Excel worksheet & 300–400 words
no plagiarism
You give her information for a for-profit and for a nonprofit entity and ask her to complete the following:
- Given the assumptions and data in this Excel file: see attachment for the file
- complete next year’s budgeted figures for each entity within the same Excel worksheet (yellow cells)
- include your reasoning for most of the budgeted figures (green cells)
Because of a bad recession, government grants were not cut by 50% but are eliminated completely for next year’s budget and fundraising efforts—despite an increase in expenses—did not improve at all.
- Write a memo of 300–400 words explaining what you would recommend that the museum manager do.
Please submit your assignment.
The following grading criteria will apply to this assignment:
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Grading Criteria |
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50% |
Complete next year’s budgeted figures for each entity within the same Excel worksheet (yellow cells). |
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30% |
Include your reasoning for most of the budgeted figures (green cells). |
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20% |
Write a memo of 300–400 words explaining what you would recommend that the Museum Manager do.
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