Section 1 of Part 1
A. Options:
B. Financial Research (Describe the cost benefit of each option based on relevant information and research)
C. Organizational Resources
D. Communication
Section 2 of Part 1
A. Statements: What statements were utilized for formulating your proposal and why? Select the appropriate statements for analysis and defend your
choices.
B. Expenses: What major expenses are associated with your proposal items?
C. Budgetary Accounts: What budgetary accounts (i.e., salaries) are impacted and in what way?
D. Reasoning: Based on the previous year’s budget data, why did you select these budget items for adjustment over other options?
E. Ratios: Research the various ratio options (including ROI) used for reviewing financial statements. Determine what ratios you will use for your proposal
items and explain why.
F. Ratio Calculations: Using budget statements, formulate calculations that support each recommendation.
G. Projected Departmental Budget: Create a projected departmental budget for the upcoming year that incorporates the costs of the proposed changes.
(This will be submitted as an Excel spreadsheet) Like below
Operating Budget and Capital Budget