wk5 michael smith db

Budgets are the driving force behind all organizations. Whether a  manufacturing organization, or a service organization such as a medical  or public accounting firm, budgets are used not only for planning  purposes but also for performance monitoring and evaluation of areas  within an organization.

More than likely, you are often required to work with budgets within  your organization. Using the module reading and the Argosy University  online library resources, research budgets including multiple budgets.
Respond to the following:

• Describe in detail the budgets that you work with.
• In your description, what was the objective of the budget i.e., to  motivate employees or control costs? (A budget could have more than one  objective.) Was the use of the budget successful in achieving the  objective?
• Based on the effectiveness of the budget, what recommendations would  you suggest to improve the communication and/or utilization of the  budget(s)?
• Assume your organization has multiple budgets and you are to work  with these. Explain how these budgets should be linked together.

By the due date assigned, post your response to the Discussion Area. Through the end of the module, review and comment on at least two peers’ responses.