Section 4: Cost Control, Cost Determination, Budgeting and Forecasting

Week 5 (i)-: Discuss the Four Budgeting Systems. Read Chapter 16 and 17

 There are four basic budgeting systems, each with its own pros and cons. The four types are:

1. Static Budgeting
2. Zero-Based Budgeting
3. Flexible Budgeting
4. The Rolling Budget

Describe the theory behind each method, the pros and cons, and what method is best for your current or previous organization.

Length: 5-7 pages, not including title and reference pages.

References: Include a minimum of 5 scholarly resources. You may use an example from your work as long as you can also reference the example to the articles.

Your assignment should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.

Table of Contents 

Section 4: Cost Control, Cost Determination, Budgeting and Forecasting 

Convert a Static Budget to a Flexible Budget. Read Chapter 14 and 15

Week 5 (ii) Convert a Static Budget to a Flexible Budget.

Use the Excel spreadsheet located in this Week’s Books and Resources to convert the static budget presented in Column C to a Flexible Budget. Put the Flexible budget in Column E. In Column F, explain how you converted each line item. Remember the relationship of various costs to volumes.

Length: 1 completed static Excel budget on the template provided