Discussion Post: Budgeting for Financial Control, Management and Planning
• Explain the concept of financial control. Describe how the financial control purposes of budgeting deals with the relationship between revenues (inputs) and expenses (activities).
• Identify the three major models of the budgetary process. Describe the similarities and the differences within the models.
• What are the three principal purposes of budgeting? What are the three major corresponding budgeting systems? Describe the similarities and the differences amongst the three.
• In your opinion should small nonprofit organizations hire outside consultants to help them with budgeting issues or should they develop their expertise in house?
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.