Assignment 2: Budget Planning and Control Due Week 10 and worth 160 points Use the Internet and / or Strayer databases to research budget planning and control. Imagine that the company that you currently work for, have previously worked for, or woul

Assignment 2: Budget Planning and Control

 Due Week 10 and worth 160 points

 Use the Internet and / or Strayer databases to research
 budget planning and control. Imagine that the company that
 you currently work for, have previously worked for, or would
 like to work for in the future has tasked you with preparing
 a budget plan.

 Write a three to four (3-4) page paper in which you:

 1.Describe the company that you currently work for, have
 previously worked for, or would like to work for in the
 future. Determine at least two (2) compelling reasons that
 this company should prepare and manage a budget. Predict the
 two (2) most likely positive and negative financial outcomes
 for this company if it properly or improperly performs
 effective budgeting.
 2.Outline a high-level budget plan for the company. In your
 high-level budget plan, recommend the most appropriate
 budgeting phases for the company.
 3.Propose two (2) methods and techniques that the company
 should use to manage its budget over time in preparation for
 the fact that budgets are ever changing. Justify your
 response.
 4.Imagine that the company is facing a financial challenge
 that is causing the actual amounts of money that it spends
 to become significantly off target from its budgeted
 amounts. Prepare an action plan to resolve the budget
 misalignment. In your action plan, recommend at least one
 (1) budgeting technique to resolve the budget and actual
 discrepancies. Provide a rationale for your response.
 5.Use at least three (3) quality academic resources in this
 assignment. Note: Wikipedia and other Websites do not
 quality as academic resources.
 Your assignment must follow these formatting requirements:

 •Be typed, double spaced, using Times New Roman font (size
 12), with one-inch margins on all sides; references must
 follow APA or school-specific format. Check with your
 professor for any additional instructions.
 •Include a cover page containing the title of the
 assignment, the student’s name, the professor’s name,
 the course title, and the date. The cover page and the
 reference page are not included in the required page
 length.
 The specific course learning outcomes associated with this
 assignment are:

 •Evaluate management control systems and examine their
 relationship with accounting and planning, including
 feedback and non-financial performance measurements.
 •Evaluate decision making tools for capital investments,
 budgeting, and budgeting controls.
 •Analyze financial accounting tools and techniques that
 convert financial accounting data into information for
 decision making.
 •Use technology and information resources to research
 issues in financial accounting for managers.
 •Write clearly and concisely about financial accounting
 using proper writing mechanics.
 Grading for this assignment will be based on answer quality,
 logic / organization of the paper, and language and writing
 skills, using this rubric.