Case Study: Budgeting Training for Managers

You are responsible for assisting managers in various departments to develop and manage their budgets. These colleagues are not as familiar with the budgeting process as you. They are very confused about how to monitor budgetary performance during the year, and how to do a variance analysis. You want to provide some training in the budget process and so you schedule a budgeting orientation meeting to provide an overview of the budgeting process, how to monitor budgetary performance during the year, and how to do a variance analysis.

•Provide an introduction paragraph of what your assignment will be
•Explain what is a budgeting process
•Discuss how to monitor budgetary performance during the year
•Explain what a variance analysis is, why it is important, and give an example of

Assignment Guidelines

•Respond in a Word document.
•Your responses should be at least 1-2 pages, double-spaced, with Times New Roman 12 point font.
•Use APA style writing when crafting your response. See APA Template in the "News Forum".Do add your reference(s).