Indentify and comment on 5 inherent weakness of the annual budget model irrespective of budgeting approach?
370172
DO YOUR OWN HOMEWORK!
143900
Actually nothing. The budget is set for salaries for the year and it includes days off.
1082116
change problems to challenges.\n\nHigh wages and product cost cause several challenges to our budget costs
338297
I believe this refers to setting a business' budget by functional area such as operations, engineering, human resources, finance, etc.  Each functional area or department would set its own spending limits (budget) for the coming year, month or other period.
1133712
There are global factors, national factors, state factors and on down to regional factors.  When it comes to available funds and resources there is only so much from the one pie that must be divided so that optimum resources happen for the funds expended.\n\nFrom another point, there are risk factors to consider that will vary along similar lines.  The greater the risk potential, the more the need for that community.
276565
To my knowledge, there is NOT a cited comprison. One would have to go to each plan to determine FROM EACH what they offer.. copy out each and then individuially compare them. As you know... comparison depends on many many facets
248754
Blame congress...not the President.\n\nThe President can only recommend a budget.  Congress actually creates it and then sends it back to the President, who can pass or veto it.
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In budgeting or (management accounting in general) variance analysis is a tool of budgetary control by evaluation of performance by means of variances between budgeted, planned or standard amount and the actual amount incurred/sold. Variance analysis can be carried for both costs and revenues.\n\nhttp://en.wikipedia.org/wiki/Variance_analysis_(accounting)\n\nTypes of variances\nVariances can be divided according to their effect or nature of the underlying amounts.\n\nWhen effect of variance is concerned, there are two types of variances:\n\nWhen actual results are better than expected results given variance is described as favourable variance. In common use favourable variance is denoted by the letter F - usually in parentheses (F). \nWhen actual results are worse than expected results given variance is described as adverse variance, or unfavourable variance. In common use adverse variance is denoted by the letter A or the letter U - usually in parentheses (A). \nThe second typology (according to the nature the underlying amount) is determined by the needs of users of the variance information and may include e.g.:\n\nVariable cost variances \nDirect material variances \nDirect labour variances \nVariable production overhead variances \nFixed production overhead variances \nSales variances \n\nhttp://en.wikipedia.org/wiki/Variance_%28accounting%29
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I think all budget planners are basically the same.  The top 4 of the 5 reasons why people go bankrupt are because they never used a planner.  Mike Tyson had $330 million and is now abourt $30 million in debt.  The reason he claims was he never budgeted his money.\n\nThe top five reasons for bankrupcy:\nfinancial ignorance *\ncatostophic health problems \nnot cutting back spending when there is less income *\naddiction problem *\nnot budgeting *
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No. \n1) the deficit is nowhere near $50 billion/month.\n2) The deficit is going down do to a growing economy.\ntherefore\n3) Tax increases are not only unnecessary but would be counterproductive.
839458
No. I want the government to spend less in other areas in order to pay for these projects. Too much money is spent on meaningless pork. Too much money is wasted in fraud, waste and abuse. The government needs to do what most families have to do, namely tighten its belt and live within its budget.
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1. Lack of coordination\n2. Harder to implement big projects
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bad nature debt accounting
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Time consuming\nErrors likely\nCan be costly (paying someone to do the accounting)\nWaste of cabinets
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Disadvantages of planning in an organization?  There is really only one, and that would be a volatile market.  For example, if the HR Dept. projected huge growth in two years and began training, hiring, etc.... a disadvantage would be an incorrect projection as it could increase cost for no reason.\n\nAs for planning, every organization must plan.  Some only for the short term (Julie is pregnant and she's leaving next week- we better find someone to take her place) and others use a type of HRIS, labour projections, training evaluations, etc... to plan for the future.  \n\nIn response to the previous answer, an organization should always know what the employees want.  The organizational strategy must match the management strategy and this is only achieved through planning.
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First start with the fiscal accounting of your local government. In my town of 5000 that is about 100 pages. Then move to the fiscal report of the County. That is about 1000 pages. Then the State, currently reported to be 30, 000 pages. The Federal Government report I am told is over 100,000 pages of graphs, charts, lists, and such. \nWhat you are asking for is a simple explanation of the budget in layman's terms. That won't be happening until a private citizen's group sits down and undertakes the job to parse out all of the BS. A huge undertaking that has no payoff at the end. Sorry, but most of us are too busy making a living to undertake such a daunting task, and no politician will ever touch this with a ten foot pole. The fraud and waste of Government are the key mechanisms that it feeds on. Hell, if you can find one bill in Congress that doesn't have five to a hundred riders that have nothing to do with the original bill, I will shake your hand. Your idealism is well noted, but it is going to take social upheaval to change anything any time soon.
445680
Conceptually, this is a simple task.  Identify the business unit's core process while simultaneously identifying the problems with it.  Determine the problem with either the greatest ROI (if cash is immediately required), maximum visibility (if you need to establish credibility), or least risk (if you doubt top management support) and fix that one first.\n\nIn reality, this is very difficult if not impossible for someone inside an organization to do because of questions about management support, access and control over available resources, political resistance, etc.