Budgeting for Financial Control, Management, and Planning Explain the concept of

 

Budgeting for Financial Control, Management, and Planning

  1. Explain the concept of financial  control. Describe how the financial control purposes of budgeting deals  with the relationship between revenues (inputs) and expenses  (activities).
  2. Identify the three major models of the budgetary process. Describe the similarities and the differences within the models.
  3. 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.
  4. 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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