Budgeting for Financial Control, Management, and Planning
- Explain the concept of financial control. Describe how the financial control purposes of budgeting deals with the relationship between revenues (inputs) and expenses (activities).
- Identify the three major models of the budgetary process. Describe the similarities and the differences within the models.
- What are the three principal purposes of budgeting? What are the three major corresponding budgeting systems? Describe the similarities and the differences amongst the three.
- In your opinion should small nonprofit organizations hire outside consultants to help them with budgeting issues or should they develop their expertise in house? Use your text or other professional resources to support your answer.
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***MINIMUM 35 WORDS NOT INCLUDING REFERENCES***
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