Budgeting Process: The purpose of this paper is to explore the various stages of the budgeting process and evaluate their effectiveness.

Budgeting Assignment

The purpose of this paper is to explore the various phases of the computeing process and valuate their effectiveness. I go away discuss the role of the work out as an analytic in any casel and excuse how the budget rear be used to measure organizational performance, eliminate inefficiencies in an organizations performance, and explain the budgets role in the business control cycle. I will further analyze internal and external control mechanisms that can be put in place to monitor and evaluate the budget and finally describe how the budget can be used in the performance accountability and reward process.

The basketball team stages of the budgeting process are:

1.) Investment cover and selection

2.) Capital budget project

3.) Budgeting approval and authorization

4.) Project tracking

5.) Post completion audit

In the investment screening and selection phase, projects consistent with corporate strategy are determine by production, marketing and research, and the firms development management. Once identified, projects are evaluated and screened by estimating how they affect future firm cash flows and hence, the firms value (Peterson, 2002). This stage is important to the companys future success. Selecting and screening of projects will determine how advantageously the company performs in the future. In the capital budget proposal stage, a capital budge is proposed for projects that survived stage one.



The budget lists the recommended projects and the nub of investment dollars needed for each. This proposal may start as an estimate of expected revenues and costs, but as the project outline is refined, data from marketing, purchasing, engineering, accounting, and finance functions are put together (Peterson, 2002). As this is the final phase before fund allocation begins, it too is critical to the companys success. During the budget approval and authorization stage of the budget cycle, projects included in the capital budget are authorized,

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