- Premium Academic Help From Professionals
- +1 323 471 4575
- academicperfect@gmail.com
Balancing Long-Term and Short-Term Goals in Budgetary Controls
Balancing Long-Term and Short-Term Goals in Budgetary Controls
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Balancing Long-Term and Short-Term Goals in Budgetary Controls
Balancing long-term and short-term goals is a crucial aspect of budgetary control, as it enables organizations to make informed decisions that will lead to sustainable financial stability. Budgetary control involves creating a comprehensive budget that takes into account the organization’s financial goals, both in the short term and in the long term.
Short-term goals are those that can be achieved within a relatively short period of time, such as within a year. They are typically focused on meeting immediate financial needs, such as covering operating expenses, paying bills, and maintaining cash flow. Short-term goals are important for ensuring the organization’s financial stability in the present, but they must also be balanced with long-term goals.
Long-term goals, on the other hand, are focused on the future and typically require a longer-term investment of resources. These goals may include expanding operations, improving the organization’s financial position, and achieving long-term financial stability. Achieving long-term goals typically requires a greater level of planning and investment, but they are important for the organization’s future success.
Balancing long-term and short-term goals in budgetary control requires organizations to make informed decisions that take into account both immediate and future financial needs. This may involve making trade-offs between short-term expenditures and long-term investments. For example, an organization may choose to invest in new technology or equipment that will improve efficiency and increase revenue in the long term, even if it means sacrificing short-term profits.
To balance long-term and short-term goals effectively, organizations must have a clear understanding of their financial position and future needs. This requires regular monitoring of actual performance against the budget, and making adjustments as needed. Organizations should also regularly review and update their budgets to ensure that they are aligned with changing financial conditions and goals.
In addition to regular monitoring and review, organizations must also ensure that they have effective financial controls in place. This includes establishing clear policies and procedures for financial management, such as tracking expenses and revenues, reconciling bank statements, and preparing regular financial reports. Effective financial controls can help organizations to minimize risks, prevent financial fraud, and ensure the accuracy of financial information.
Finally, organizations must also consider the role of culture and governance in balancing long-term and short-term goals. This involves creating a culture of financial transparency and accountability, and establishing clear processes and controls to ensure that budgets are managed effectively and in accordance with organizational goals.
In conclusion, balancing long-term and short-term goals in budgetary control is critical for achieving financial stability. By creating comprehensive budgets, monitoring actual performance, establishing effective financial controls, and considering the role of culture and governance, organizations can ensure that their resources are used effectively to achieve both short-term and long-term financial goals. By making informed decisions and balancing their financial priorities, organizations can ensure a strong foundation for sustainable financial stability.
Balancing Long-Term and Short-Term Goals in Budgetary Controls
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
GET THE PROFESSIONAL ESSAY CUSTOMIZED FOR YOUY NOW – CLICK NOW!
CLICK ON THE LINK HERE: https://phdwriters.us/orders/ordernow
Also, you can place the order at www.collegepaper.us/orders/ordernow / www.phdwriters.us/orders/ordernow
Do You Have Any Other Essay/Assignment/Class Project/Homework Related to this? Click Here Now [CLICK ME]and Have It Done by Our PhD Qualified Writers!!
