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ACC 556 Week 10 Assignment 2 Budget Planning and
Control (3 Papers)
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Assignment 2: Budget Planning and Control
Due Week 10 and worth 160 points
Use the Internet and / or 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,