Executive summaryThe aim of this report was to discuss the concepts of financial planning that was developed in the industrial period to help managers spend their money wisely. Incremental budgeting was used in the early times although some organizations are still using the method. The changes in the business have changed the concept of budgeting. The alternative techniques of budgeting that meet the changes in the business environment include rolling activity-based and zero-based budgeting techniques. The accounts managers must use the best approach to budgeting so that they can improve the performance of their respective organizations. Finally political changes and changes in business environment can challenge the budget implementation process. Table of Contents TOC o “1-3″ h z u Executive summary PAGEREF _Toc478215049 h 2Introduction PAGEREF _Toc478215050 h 3Part 1 PAGEREF _Toc478215051 h 4i. Budgeting concepts PAGEREF _Toc478215052 h 4Budgeting PAGEREF _Toc478215053 h 4Purpose and benefits of budgeting PAGEREF 2004 Capital Budgeting Practices: A Survey in the Firms in Cyprus Journal of Small Business Management Vol. 42 No. 4 pp. 427-33. Palliam R 2005 Estimating the Cost of Capital: Considerations for Small Business The Journal of Risk Finance Vol. 6 No. 4 pp. 335-340. Rasmussen N. H. and Eichorn J 2000 Budgeting: Technology Trends Software Selection and Implementation. John Wiley & Sons. Rasmussen N. H. Eichorn C. Barak C and Prince T 2003 Process Improvement for Effective Budgeting and Financial Reporting. John Wiley & Sons. Ryan J. D and Hiduke G 2003 Small Business: An Entrepreneur’s Business Plan. South Western Educational Publishing. Shapiro A.C 2008 Capital Budgeting and Investment Analysis Pearson Education Inc. and Dorling Kindersley Publishing Inc. Singh S. Jain P. K. and Yadav S. S 2012 Capital Budgeting Decisions: Evidence from India” Journal of Advances in Management Research Vol. 9 No. 1 pp. 96 112.
Need this immediately please. Must be a model business report any length not less than 2000 words