than expected in the budget‚ or * Revenue/profits were higher than expected By contrast‚ an adverse variance might arise because: * Costs were higher than expected * Revenue/profits were lower than expected What causes budget variance? There are four key reasons and it is important that good managers recognise the differences‚ because the action required is may be completely different in each case. The four reasons are: 1. Faulty Arithmetic in the Budget Figures 2. Errors in
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Determining causes and effects of not keeping a personal budget William E. David ENG115- English Composition Prof. Sandra McDonald March 10‚ 2015 It has been observed that most of the employees of Bank of America create individual budgets but do not keep a record of them. This is because most of the employees return to the bank for personal loans just two weeks after receiving their salaries. Due to this finding‚ the factory utilized financial analysts and decided to develop measures of controlling
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have much access to healthcare in Jamaica so anyone in the neighborhood that was in the healthcare field was often looked up to for advice and help. My mother was one of those people; she was a Nurse and everyone in the neighborhood admired her‚ including me. I knew that when I grew up I wanted to become just like her. When my mother would come home from work with stories of how she helped saved someone’s life‚ I would get more excited and eager for the days when I can do the same. When I came to
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“EVENTS BUDGET MONITOR” What is an event budget? is a financial plan which sets out an estimate of proposed expenditure for a given event and the proposed means of financing the event. Why budget for costs? advantages: >A thoroughly planned and approved budget will insure your event is financially viable . >A budget translates plans into specific costs. >A budget facilitates coordination and cooperation between the various aspects of the programme. >Routine comparison between
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P5: Describe how budgets can be used to set targets to monitor and control an organisation To: Managing Director of Supper Fix From: Date: 28/11/13 This report is to discuss the ways in which targets can be set to monitor and control the organisation. Financial resources in a business can be obtained internally such as the profits from last year’s sales‚ or externally such as a bank loan‚ having management is these areas can ensure the objectives in an organisation are accomplished
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How Prison Overcrowding Affects State Budgets By: Clarissa Taylor JUST 6510/ JPS Planning & Budgeting April 18‚ 2015 This paper will discuss how state and federal budgets are affected by the overcrowding of prisons. I chose this topic mainly because I use to work for the Alabama Department of Corrections from 2002 to 2005 as a Correctional Officer I. During the time I was employed for the department‚ I witness a lot of overcrowding in Julia Tutwiler Prison for Women. Things had gotten
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Manage budgets and financial plans Case study 1. List the revenue and expense records that you would use to gather information and their source. Revenue Records of the Business * Sales Invoices * Cash register receipts * Credit card / EFTPOS receipts Expense Record of the business * Purchase Invoice * Rent Slip * Wages and salaries 2. Provide samples of source documentation Purchase Invoice | | | | Serial No. | Item Purchased | | Total | 0011 | Brocolli
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How does your identity make different? Everyone is special in their own way‚ all though they can be similar. My favorite color is purple‚ I’ve met people who dislike purple. Before I walked into high school I was considered a tall person at 5’4 ‚but now I’m short compared to other people. When I was younger I used to live on a farm in South Carolina‚ my best friend was a chicken named May. I see myself getting better grades‚ completing all my homework on time. While I attend Drew I would like to
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In your statement of purpose‚ describe the following: 1. Your most important accomplishments to date and why you were able to accomplish these goals. 2. Why you decided to enter a graduate program‚ and why you decided to apply to this CSUF graduate program in particular. 3. Your career goals and how you see a Master’s degree from CSUF contributing to the advancement of those goals. The business world in recent years has become more and more competitive‚ requiring people to have comprehensive understanding
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Describe the accomplishments you have achieved during this course. My first accomplishments are to pass the course of math and work hard on the exam. I’m accomplishment in getting a strong foundation in this course. This accomplishment is to understanding many areas covered in math‚ for examples: whole number‚ the LCM prime factorization‚ and simplifying the expressions‚ Bar graphs and line graphs‚ proportions‚ rates and unit prices and ratios‚ percent problems‚ using the equations‚ simple and compound
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