Finance For Managers Essay Example | Topics and Well Written Essays - 1500 words

Finance For Managers - Essay Example Top managers use budgets for the company as a whole while middle managers traditionally focus on the budget performance of their department or division. Normally the types of budgets used in different units pertain to expense budget, revenue budget, cash budget and capital budget. And expense budget focuses on anticipated and actual expense for each department. When actual expenses exceed budgeted amounts, the difference signals the need to managers to identify whether a problem exists. It could highlight inefficiencies or leakages or in retrospect if expenses are below budget, it could signal exceptional efficiency or failure to meet some other target, e.g. sales. Revenue budget lists forecasted and actual revenues of the division and / or the organization. Cash budget estimates receipts and expenditures of money of a daily or weekly basis – it shows the level of funds flowing through the organization and their nature. Cash budget is very important for liquidity management of the company for daily business activities. Capital budget is for planned investments in major assets. It not only have large impact on future expense, it is for investments designed to enhance profits of the organization. Capital budgets needs to be monitored in order to evaluate whether the assumptions made about return on such investments are holding true. Many traditional companies use top down budgeting which means that the budgeted amounts for the coming year are literally imposed on middle and lower level managers. The managers set departmental budget targets in accordance with over all company revenues and expenditures specified by top executives. Although there are some advantages to the top down process, the movement toward employee empowerment, participation and learning encourages the adoption of bottom up budgeting – a process in which lower level managers anticipate their departments’

The great debaters Assignment Example | Topics and Well Written Essays - 250 words

The great debaters - Assignment Example debate team proved to be a reflection of black sentiment at that time; with each of them having unique experiences and goals, all were united for the cause of racial equality and an end to racial discrimination. Washington’s The Great Debaters highlights with the Wiley Debate Team facing the Harvard Debate Team, with the former winning the debate, although racial slur continues to haunt them back home despite their victory. Their coach, Melvin B. Tolson, symbolizes the need for action beyond education, with him balancing the complexions being a college professor and a tenant farmer organizer at the same time. Meanwhile, James Farmer represents the unique struggle of black adolescents in the 30’s, balancing the act between puppy love and ambition with a growing outrage against racial discrimination. Samantha Booke also displays the unique struggle of black women, carrying the double burden of gender and racial discrimination. Hamilton Burgess also shows the contradictions of the struggle, with his family not approving the growing radicalism of