Influence of Economics on Household Decision Making
February 6, 2021
Assessing Self
February 6, 2021

Budgeting for profit and non profit Accounting

So your new accountant could practice the budgeting process in your for-profit company, you want her to compare budgeting methods for two different kinds of entities.

You give her information for a for-profit and for a nonprofit entity and ask her to complete the following:

Given the assumptions and data in this Excel file: ATTACHED BELOW.

complete next year’s budgeted figures for each entity within the same Excel worksheet (yellow cells)

include your reasoning for most of the budgeted figures (green cells)

Because of a bad recession, government grants were not cut by 50% but are eliminated completely for next year’s budget and fundraising efforts—despite an increase in expenses—did not improve at all.

Write a memo of 300–400 words explaining what you would recommend that the museum manager do.

"Get 15% discount on your first 3 orders with us"
Use the following coupon

Order Now
Place Order

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp