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Analysis of Operating Budget (Example)

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Analysis of operating budget Name Institution Introduction Based in Summerville Wisconsin Summerville Theatre is a small non-union and non-equity Theatre Company that was started back in the year 2008. The key goal of the organization is to provide services to the Summerville community and to give both adults and children an opportunity to participate in theatre arts. This essay intends to look at the operating budget of the organization with the emphasis being on analyzing its revenues and expenses (Britton & Waterston 2013). In the essay a recommendation on areas of the budget that need budgeting of the organization's revenues. Conclusion The general assumption that can be deduced from the operating budget is that the planned revenues and expenses are higher than the actual ones. From the budget sufficient information has been provided to enable effective comparison between the two years. References Britton A. & Waterston C. (2013). Financial Accounting. Harlow: Financial Times Prentice Hall. Cordery C. Baskerville R. & Porter B. (2015). Not Reporting a Profit: Constructing a Non-Profit Organization. Financial Accountability & Management 27(4) 363-384. dx.doi.org Weil R. (2017). Financial Accounting. [Place of publication not identified]: Cengage Learning. [...]

Order Description:

Students will assess the operating budget of the Summerville Theater organization, a fictional nonprofit, analyzing the information provided with respect to the principles of good financial management and appropriate disclosure of the use of funds. Check out the information in (1) the Summerville Theater Budget Background (Word document) and (2) the Summerville Theater Budget Detail (Excel document). Analysis Read through and analyze the organization’s operating budget. Using a critical approach, think about the following questions: What sources of revenue does the organization disclose? What information is provided on these revenue sources? What are the largest sources? The smallest? How is the organization spending its money? What amount is spent on people? Material? Programs? Other areas? When you look at percentages, what do you learn from the numbers? How complete is the information provided on revenue and expenses? Is the level of detail appropriate? Sufficient? Does the budget seem reasonable? Optimistic? Conservative? Does it seem to be based on hope or reality? Does the budget include information on previous years to allow for comparisons? What comparisons can you make based on the data? What changes do you see? Are they reasonable? Does the budget seem appropriate to the organization’s mission, history, goals, and population(s) served? You are on the right track if you find that you are citing specific examples from the budget in your essay, including examples of relative percentages of expenditures and revenues, and noting changes (and their impact) from one year to the next. Essay Content While you should introduce the organization by name and offer a brief description of its purpose, this assignment is intended to provide a critical review of the details of the budget with a clear focus on the numbers. It should identify strengths, weaknesses, and areas that might require further explanation. In addition to an effective introduction and conclusion, be sure that your essay includes the following: An overview of the organization’s revenue and expenses – what information is provided? An objective discussion of what you can learn about how the organization operates by reviewing the budget Specific discussion of the numbers in the budget and what they tell you about the details on revenue and operating expenses An identification of areas where there are questions or concerns about the information provided or information that seems to be omitted A recommendation for improvements to the budget Assignment Criteria The assignment should be presented in a professional style. It should be approximately 500-600 words long and should be double spaced. Your essay should follow APA format by properly citing all sources, both in the text and in a reference page at the end. It must include a minimum of two citations to the materials in the class reading assignments and at least one citation to an outside source. As always, your essay should include a title page with your name, the name of the class, the professor’s name, the date, and the assignment number

Subject Area: Finance

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $25

Words 550

Pages 2

Completed in 6 days

Expert Kenny K

Client Review

The BEST!

Positive
02.26.2018

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