(1) In the proforma balance sheet, where are the "ties?"
(2) What are some common mistakes when creating proforma financial statements? How can these mistakes be mitigated.
(3) What schedules must be created to get the figures to complete the Proforma Balance Sheet?
(4) Why is the budget review process important?
(5) If you were a department manager reviewing your department's budget. What questions would you during your review?
(6) Why is it important to review every aspect of the budget before implementing?
(7) Discuss how budgeting for nonprofits differs from budgeting for for-profit organizations. If you had the choice of budgeting for a nonprofit or a for-profit, which would you rather do the budget for? Why?
(8) Is corporate budgeting a valuable tool or a necessary evil? Does your answer change if it is your personal budget?