What are the roles played by a budget and how many budget types are available
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Understanding Flexible Budgets
In 300-350 words, answer the following questions:
What are the roles played by a budget and how many budget types are available?
Under what conditions is a flexible budget likely to be more effective than a forecast budget?
Strategic Planning and Financial Planning
In 300-350 words, answer the following questions:
What is your understanding of strategic planning and financial planning?
What if financial planning is not aligned with strategic planning? What are the consequences? You are encouraged to select a healthcare organization to answer these two questions.
APA 2 references
………………………Answer preview………………………….
A budget is a plan implemented for the future expenses. A plan is always put in place before actual activity is undertaken. A flexible budget is therefore tends to use a fraction of the revenue rather than use the fixed numbers due to the ups and downs in the business (finkler, 2008, pg. 76). A forecast budget just the future estimates on of the expenses to be financed by revenue……………………..
APA
668 words
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