Wednesday, November 13, 2013

Acct Int Class Assignment 1: Paper of Budgeting

Please write a paper related to "Controlling Through Budget". Please make your own title for your paper. The paper is written in English, by using Words, minimum 3 pages and maximum 10 pages.

Please follow this structure:

Your name and student number
Contents (please modify as needed)

The due date is Sunday 17 November 2013 at 21.00.
Please send your paper as attachment to The subject of your email should be: MCS Budget Your Name. If your name is Vicky, the subject of your email should be: MCS Budget Vicky.

Is there any thing to be publish as COMMENT? YES! You should publish your ABSTRACT (only Abstract) to this blog as comment, along with your name and student number.

Thank you.



nisa fajariko said...

TITLE : Budgeting in Management Planning and Control
NIM : C1L011016

Budgeting has always been essential for control system. Budgeting, when done properly, can serve as a planning and controlling system. Governments, nonprofits, and many profit organizations have their own goal, so in order to accomplish the goal, a good planning is needed. Good planning and monitoring can be obtained when the management learn, analyze, and consider any possibilities that impact to the organization. Effective budgeting system can helps manager perform their major management function. Based on those description, this paper try to identify about the budgeting, and for the next is identify how budgeting relates to management especially in planning and control.

Handhika Tiyakusuma said...

Name: Handhika Tiyakusuma
NIM: C1L011010

Managers of company are required to manage the company as possible with respect to what factors are needed to achieve company goals. One of which taking into account the company's earnings through the budget. Determine the size of the profit success or failure of a manager to lead the company. Managers are also required to look at the various possibilities or opportunities happening in the future. In addition, the budget itself has advantages and disadvantages. Use of the budget can be beneficial if used using appropriate techniques. The purpose of this article is to know more about the budget and the budgeting process itself and how the company can control a budget for that role is very important.

Anggoro Riyanto said...
This comment has been removed by the author.
Anggoro Riyanto said...

NIM : C1L011025

Budget is an task of planning and control. It is Based on the idea of plan. It is planning relating to a period of time expressed in monetary or quantitive terms. Planning also serves as a basis for performance evaluation. It is prepared for a definite future period. It implements the policies formulated by management for affirming to given objectives, preparing charts, and budgetary control. Budget, inclusive list of proposed expenditures and excepted receipts of any person, enterprise, or government for a specified period, usually one year. The manager should should be professional to manage their budgeting system.

Rangga Hidayat said...

Title : Budgeting : Control and Motivational in Management
Name : Rangga Hidayat
Student ID : C1L011005

Budgeting can be described as many of organizational needs to understanding the budget, when budgeting can help managers to achieve their goals, but also sub-coordinates would know the organization by compelling managers to examine relationship between their own operation and those of other departments.Objectives of budgeting that depend on key function in that also serve a number of useful purposes which are key to organization’s achievement. And control and motivational objectives of budgeting, that will explained based on theories in management control system that creates of responsibility center which enable accountability for financial outcomes

Anonymous said...

Name : Adlina Nindra H.
NIM : C1L011032

Budgeting is the process of creating a plan to spend your money. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.
Budgeting is simply balancing your expenses with your income.
Many people don't realize that they spend
more than they earn and slowly sink deeper into debt every year.this article purpose how to develop a budget,and discuss about advantages and disadvantages of budgeting.

Hendra Aditya said...

Title : Steps to Determine Operating Budget in Manufacture Company
Name : Hendra Aditya
NIM : C1L011012

Budgets are the quantitative expressions of these plans, stated in either physical or financial terms or both. There are some advantages when the company using budget. A master budget can be divided into operating and financial budgets. In a company, budget can creating the sales forecast is usually the responsibility of the marketing department. There ara eleven steps to prepare operating budget and also to calculate it. Budgets are useful control measures. To be used in performance evaluation, however, two major must be addressed. The first is to determine how budgeted amounts should be compared with actual results. The second consideration involves the impact of budgets on human behavior.

Adiq Daru said...

Tittle : The Function of Budgeting in Public Sector.
Name : Adiq Daru L. L.
NIM : C1L011017

Planning in prepare a budgeting is very important. However identify the things in the future it should be do. Strategic thinking in every organization is a proces which management tell the integration of organization activities running to a goal in the future. More and more market , technology or economy external doing ferment , the management will be charged to construct strategies. Strategic thinking management , realized in various plan , in process of whole integration this process supported by Organization Budgeting Procedure.

Rayi Susilo Praharsini said...

Name : Rayi Susilo Praharsini
NIM : C1L011015

Budget is one of the most important administrative tools, a budget serves as a plan of action for achieving quantified objectives, standard for measuring performance, and device for coping with foreseeable adverse situations. Management control is a sets of organizational activities which include: planning, coordination, communication, evaluation and decision-making as well as informal processes aimed at enhancing the efficient and effective use of the organizational resources towards the achievement of the organizational objectives. And budget is a tool used by management to facilitate those activities. This paper highlights the relationship between budget, management control system, and strategic management.

Mira Nur Syamsiah said...

Title : Budgeting in Business Management Control
Name: Mira Nur F. S
NIM: C1L011030

A budget is a quantitative expression of a plan for a defined period of time. A budget is a plan for your future income and expenditures that you can use as a guideline for spending and saving. Budgeting for a business is a process. It is the process of preparing a detailed statement of financial results that are expected for a given time period in the future. There are two keywords in that statement. The first keyword is "expected." Expected means something that is likely to happen. The second keyword is "future" which is a period in the time to come. So, budgeting is the process of preparing a detailed statement of financial results that are likely to happen in a period in a time to come.

Sarach Fauziah said...

Title : Budget as a Tool of Control
Name : Sarach Fauziah
NIM : C1L011014

Since companies strive for profitability through the efficient and economical use of resources and labor, they require financial road maps to show how they will allocate their resources to achieve their business objectives. In other words, companies require prudent budgeting to accomplish their goals. Companies practice budget to determine the most efficient and effective strategies for making money and expanding their assets. Budgeting allows companies to control their expenditures and to allocate resources to maximize profits. From those explanation, this paper will describe more about budgeting and then will give some examples of budget that is apply in a company.

Gagat Agus Wasito said...

Title : Budget, a perfect management control tool?
Name : Gagat Agus W
NIM : C1L011024

Basically budget is a tool about “how company can control their management to achieve their goal”. In the budget it has a process about plan, identifying objectives & the actions needed to achieve the company goal. But in the new economic environment when the company required to move quickly and required to make decisions by quickly and how budget system still stronger and used in business management?
Today, many companies moving toward using Beyond Budgeting approach or classical budgeting method still the preferred technique. Economist criticized the budget and say “Budget-an unnecessary evil”, that organization could do better without budget. Whether, the system is still relevant and strong budget in accordance with the required of economic environment?

Santy Arlieza Wijayanti said...

Title : Benefits of Budgeting in Business Management
Name : Santy Arlieza Wijayanti
Nim : C1L011021

This paper discusses the benefits of the relationship, between budgeting and business management. Budgeting in a business has benefits and consequences that go beyond the financial dimension and have more to do with business management in general. Budgeting is a process, means budgeting is a number of activities performed in order to prepare a budget. A budget is a quantitative plan used as a tool for deciding which activities will be chosen for a future time period. Management in business means to coordinate the efforts of people to accomplish goals and objectives using available resources efficiently and effectively. 58 ch

Edwin butar-butar said...

NIM : C1L011018

Budget is a summary of likely income and expenses for a given period. It helps us determine whether we can grab that bite to eat or should head home for a bowl of soup. It is typically created using a spreadsheet, and it provides a concrete, organized, and easily understood breakdown of how much money we have coming in and how much you are letting go. It’s an invaluable tool to help you prioritize we spending and manage your money no matter how much or how little we have.

Farida Nur Aida said...

Title : Budget as a Management Control Tool
Name : Farida Nur Aida
NIM : C1L011027

Budget shows what a company can afford to spend and expects to bring in financially during a given period. It is an essential tool of business operations, a company cannot operate unless it knows how much money it has and what its costs are. Company leaders must use some form of budgetary control to stay on track. A budgetary control is simply a technique, usually a comparative analysis, that lets a business see whether or not it is accomplishing its financial goals. This paper will describe about budgeting and how the company can control the budget.

Iza Vassel said...

Name: Riza Riyanti
NIM: C1L011020

A budget is an itemized summary of likely income and expenses for a given period. Planning and monitoring your budget will help you identify wasteful expenditures, adapt quickly as your financial situation changes, and achieve your financial goals. When you actually see the breakdown of your expenses, you may be surprised by what you find; this process is essential to fully grasping how things can add up. Creating a budget will decrease your stress levels because, with a budget, there are no surprises.

Ervandy Simarmata said...

Title : Effective Budgeting System
Name : Ervandy Simarmata
NIM : C1L011004

Effective budgeting system facilitate the value creation process. They are invaluable component of a company’s planning and control effort. The system forces managers to plan and promotes coordination. The system supports responsibility accounting and reporting. The master budget, accompanied by detailed plans, documents the company’s goal and objectives. Linking the master budget to the company’s long-range and strategic planning enhances the overall planning effort.


NIM : C1L011022

Budget is a financial plan for the future concerning the revenues and costs of a business. However, a budget is about much more than just financial numbers. Budgetary control is the process by which financial control is exercised within an organisation. Budgets for income/revenue and expenditure are prepared in advance and then compared with actual performance to establish any variances. Managers are responsible for controllable costs within their budgets and are required to take remedial action if the adverse variances arise and they are considered excessive.

Massaid Resna said...

Title: How Should The Companies Control Budget
Nim: C1L011011

The budgetary control function mechanism is a tool that is used to plan, control and co-ordinate company spending activities. It is a vital finance control tool. Control mechanisms are provided to control, plan, organize and lead management into for the productivity of a company or an organization. A budget refers to a written document detailing the ways an organization will allot its money. As the head of the business, you must decide if budgetary control will rest with you or with your managers. Failing to plan can lead to failure in the world of business. As such, successful companies make the budget the center of most project decisions. The budget itself is a control tool, but garbage in, garbage out. So the challenge is managing the control, which is a tool that helps an organization plan for and monitor spending needs. This, in turn, promotes efficiency and helps manage resource allocation.

Indah Purnamasari Eroika said...
This comment has been removed by the author.
Indah Purnamasari Eroika said...

TITLE: The Interrelationship between MCS and Strategy
NAME: Indah Purnamasari Eroika
NIM: C1L011007

Strategic planning is the process of deciding on the nature and size of the several programs that are to undertaken implementing an organization’s strategies. Both strategic planning and budget preparation involve planning. Control systems have basically two functions: strategic control and management control. This paper try to identify about the interrelationship between management control systems and the strategy. It wants to see the relationship of MCS and strategy as a simple uni-directional one, where MCS are only influenced by strategy but not the other way round.

ista oktina said...

Title :Budget Process
NIM : C1L011031

Budgeting has always been part of the activities of any business organization of any size, but formal budgeting in its present form, using modern budgeting disciplines, emerged in the 1950s as the numerical underpinning of corporate planning. Modern corporate planning owes much to operations research and systems theory.

Tezar Pahlevi said...

NAME : Achmad Tezar Pahlevi Stefannandra
NIM : C1L011009

There are two types of control, namely budgetary and financial. Of all business activities, budgeting is one of the most important and, therefore, requires detailed attention. Managers need to be able to exercise control over the organisations that they manage to make sure that the organisation is keeping to plan and that necessary actions can be taken to put it back on track when needed. In the same way that a thermostat will regulate and control the temperature of your central heating, system managers need to have control tools to make sure that financial plans and targets are being achieved. Managers will regularly create budgets - for the whole organisation and its constituent parts. The budget is a plan set out in numbers, which enables managers to exercise control. Based on those description, this paper try to identify about budgeting and the importance of budgetary control in marketing.

Alfonsus L. Malau said...

Title: Performance Budgeting System
Name : Alfonsus L. Malau
NIM : C1L011013

Performance-based budgeting is a budgeting approach based on workload and unit cost data into any structured activities in a program to achieve the goal . The rationale is budgeting should be used as a management tool so that budgeting should be able to provide results useful for managerial decision-making ( legislative / executive ) . Therefore , the budget should be considered a work program .

Alfonsus L. Malau said...

Title: Performance Budgeting System
Name : Alfonsus L. Malau
NIM : C1L011013

Performance-based budgeting is a budgeting approach based on workload and unit cost data into any structured activities in a program to achieve the goal. The rationale is budgeting should be used as a management tool so that budgeting should be able to provide results useful for managerial decision-making (legislative/executive). Therefore, the budget should be considered a work program.
Excesses of Performance budgeting system are Allows delegation of authority in decision-making, Stimulate active participation motivation operational units through the process and assessment under the proposal of the budget that is actual, Improve the function of planning and sharpen decision -making at every level executives, Allowing optimal allocation of funds for each activity is always considered in terms of efficiency.
Weaknesses of Performance budgeting system are Tend to reduce the role of the legislature in the process of policy formulation and budgeting, There is no clarity about who is responsible and bear the impact of any decision, Not all activities can be standardized and measured quantitatively .

Danang Rifani said...

TITLE : Budget
NAME : Danang Agustiar Rifani
NIM : C1L011002
For many new businesses, a budget is a part of the financial plan created during the initial planning stage for the business and is included in the business plan. Budget is an estimation of the revenue and expenses over a specified future period of time. The purpose are to aid the planning of actual operations by forcing managers to consider how the conditions might change and what step should be taken and by encouraging managers to consider problems before they have arise. Also helps co-ordinate the activities of the organization by compelling managers to examine relationships between their own operation and those of other departments. A budget can be made for a person, family, group of people, business, government, country, multinational organization or just about anything else that makes and spends money. A budget is a microeconomic concept that shows tradeoff made one good is excanged for another .

Adrik Marom said...

Name : Adrik A'lal Marom
NIM : C1L011001

The simplest budget is a list of your estimated income and expenses that doesn’t require multiple formulas to create dynamic totals that change each month or quarter. A forecasting budget lets you set spending limits based on estimated income levels. To design this type of budget, list your income types by category down the left-hand side of the budget. Include sources of funds such as sales, interest, dividends, stock growth and any other revenue you believe will come in during the year. Place the amount of money you project for each category to the right of the category. Add a total column to determine your total income. Underneath this, list your expected expenses down the left-hand side of the page and enter the numbers for each to the right. Total this and subtract it from your income total. If you don’t have enough income to cover your expenses, adjust your expense numbers to give you a budget to guide your spending. If you create this budget for your entire company, rather than a division, location or product, this is known as a master budget.