Evaluate A Budgeting Process

Instructions

From the list of strategies in the introduction of this week, choose a budgeting process that is or can be used in a higher education institution of your choosing.Based on your reading in the literature, complete an evaluation of a budgeting process at an institution with which you are familiar. For this assignment, pretend you are a management consultant to the institution. After your evaluation of the budget:Provide a professionally composed summary of your findings, along with recommendations for process improvement in an executive recommendation and synopsis document. In addition to these required resources, other appropriate scholarly resources, including older articles, may be included.Length: 5 pages, not including the title and reference pagesReferences: Include a minimum of five scholarly resources.

Answer

Introduction A budgeting process/model encompasses the strategic and planning measures adopted by an organization. The higher education institutions have over the years employed different analogies, with different performance and success (De Boer et al., 2015). In the subsequent analysis, emphasis revolves on an applicable model in a select higher learning center. Revenues recognition and allocations of costs form an essential consideration in the choice made for the discussion. Some models employ a general approach in cost allocation, to units, departments or colleges resulting in the inaccurate assessment of the financial activities (Deering, 2016). From the available strategies, the focus will entail activity-based budgeting application, in the University of Michigan. The selected insti...
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