Budget Monitoring and Preparation PROJECT A KABIGTING EDIE MAE S. BSITM TTO 4 YA 1

NAME: Kabigting, Edie Mae S.
SECTION: BSITM-TTO 4-YA-1
BUDGET MONITORING AND PREPARATION
PROJECT A
PART 1
You are the new manager of Café Rue; a popular local café known for its award-
winning
dessert’s that; customers love to feature on Instagram. Due to its increased popularity the
owner has asked you to gather and document information needed to prepare a
budget
including:
winning
budget
including:
winning
budget
including:
winning
budget
including:
winning
budget
including:
winning
budget
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including:
winning
budget
including:
winning
budget
including:
winning
budget
including:
winning
budget
including:
winning
budget
including:
winning
budget
including:
winning
budget
including:
You are the new manager of Café Rue; a popular local café known for its award-winning
dessert’s that customers love to feature on Instagram. Due to its increased popularity the owner
has asked you to gather and document information needed to prepare a budget including:
I. DETERMINING AND CONFIGURING THE SCOPE OF THE BUGET
- A spending plan serves as a useful tool for both planning and monitoring
execution. It is made early for a specific financial period to aid in the
organization's internal planning and distribution of funds. The spending plan is
then used to evaluate performance near the end of the term by comparing actual
figures with those initially planned. Financial plans are incredibly flexible tools.
They can be modified to fit a variety of situations and levels of authority. For
instance, a spending plan might include assessed income for every restaurant and
bar in a hotel, for a single establishment, or for a specific time during the day for
exchange. Numerous components of functional planning, such as determining
income, consumption, capital needs, and labor force levels, rely on information
from previous and current financial plans. It can be useful to know whether a
company can afford to update or offer new products or services. Plans for
finances can include what assessments are needed, where assessments are needed,
and when assessments are expected to cover anticipated interest. They indicate
when extra labor is needed during the busy late spring months or when additional
financial assistance is anticipated to cover off-peak season costs. A financial plan
could be an incredibly effective tool for power management. They are, however,
only compelling if they have been thoroughly thought out and planned before
being put into action. A financial plan outlines the organization's spending
priorities and estimates how much money will be generated. If money is not
effectively distributed, costs are not kept under control, and sufficient income is
not generated, the business will continue to operate and make a profit.
While checking the financial plan, the accompanying determining systems should think about:
- Revenue, Technology, Labor, Raw Materials

II. IDENTIFYING, ASSESSING, AND INTERPRETING INFORMATION
- These are the following outlines to help analyze, interpret and the information
present the data effectively:
1. Keep your point and crowd at the top of the priority list consistently
- To keep you focused on the task, Forster should ask you a series of
questions.
2. Coordinate, sum up and control information
- It is common to use accounting pages, data sets, tables, or charts; this will
help with spotting connections' theme or patterns.
3. Quantitative Data: (Look for patterns)
4. –Analyze reactions by questions, point, time span or occasion.
–Survey case/everyone comprehensive to fabric a profile.
5. Configuration ought to augment clearness and effect
-Use tables, outlines, illustrations, or tests to introduce information.
III. ANALYZING INTERNL AND EXTERNAL FACTORS THAT CAN IMPACT

THE BUDGET.
Internal environment elements are important and elusive viewpoints that are directly
under the control of the association being discussed, as opposed to external natural
elements. Additionally, interior perspectives are divided into two categories: qualities
and shortcomings. Anything that improves the organization's reputation, strategic
vision, bottom line, or other fundamental metrics is viewed as a strength in general. It
is referred to as a shortcoming if it has a negative impact on the company or doesn't
advance it. A useful interior ecological variable would be a showcasing staff with the
skills to deliver, evaluate, and streamline marketing initiatives aimed at attracting new
customers.
An illustration of a negative interior component would be standard working methods:
 Employees
 Internal Process
 Shareholders and owners
 Directors (board director)
 Organization’s brand
 Company Culture and Finance
 Policies, procedures, and plans
 Equipment
The clear and theoretical aspects that are not immediately under the control of an association are
known as external environmental elements. Outside factors are crucial because they have the
potential to quickly thwart your advancement even if all of your internal components are ready.
IV. CONSULTING WITH COLLEGUES
- They might share insights and opinions on asset proficiency, waste management,
suggestions for improving provider execution, technological advancements, and
practical support methods that managers who don't work the floor would never
think of. Their assistance in establishing the destination and goals, including
financial objectives and accountability for their own prosperity, cultivates
representative possession. Share information with them and discuss your financial
goals, as well as how well you think they are doing in achieving them. By linking
financial objectives to execution, you can build on the concept of self-
administration. Encourage people to consider both themselves and the
organization. Learn to concentrate on what you need to say.
PART 2
You must now analyze the information and prepare a draft budget for Café Rue by:
a. ESTIMATING INCOME EXPENDITURES
- A task's (or programs, or an entire association's) income and expenditures budget

would outline the estimated cost and the assets income required to cover those
expenses for a given period of time. You are probably already familiar with this
planning system because it is frequently used in project boards.
An income and spending budget’s total position could be:
 Balance - Where income and expenses are equal.

 Deficit - Where costs need to be cut and additional funds may need to be
raised due to lower income.
 Surplus Budget - Where there is an excess of income over expenses and
where action may be required to plan how additional income will be used.
A healthy income main concern indicates that your company will have extra
cash at the end of the month. A negative income main concern at the time your
underlying cash balance is assessed indicates that your company has
experienced an income gap, a time when cash outflows outpace cash inflows.
Inflows and cash surges almost never happen at the same time. Money
outflows frequently lag behind cash inflows, causing periodic cash flow
problems for the company. This income gap shows an excessive money surge
that might not be offset by an inflow for weeks, months, or even for a very
long time. Any company, no matter how big or small, can experience income
gaps; therefore, this does not necessarily indicate financial trouble. Other
options for subsidizing include spinning credit extensions, bank advances and
exchange credits.
b. REFLECTIVE ORGANIZATIONAL SERVICE
- The association's short- and medium-term goals are organizational goals. The
association's goals will have an impact on the specifics of the hierarchical
arrangement and the flow of authoritative resources. By achieving targets, an
organization can achieve its overarching vital objectives. Determining objectives
may become more difficult due to a variety of factors. For your organization, you
can present one or more goals. You establish deadlines for completing objectives.
It's also crucial to understand who influences decisions because that could have an
impact on objective successes. The chiefs' accountability to the goals should be
unwavering. Competing interests will advance the goals that are generally best for
them, playing a role in legislative issues with a hierarchical structure. This
frequently sparks interactions between the association's various stakeholders,
resulting in goals that are appropriate for the association's main hierarchical
groupings, like transactions, R&D, showcasing, and creation.
c. PROVIDING A RANGE OF OPTIONS
- Financial options are flexible products. These agreements typically involve a

buyer and a seller, with the buyer paying a premium in exchange for the rights
provided by the agreement. Call options give the owner the ability to purchase the
asset at a specified price within a predetermined timeframe. Contrarily, put
options permit the holder to sell the asset at a specified price within a
predetermined timeframe. There is a bullish buyer and a bearish seller for every
call option, whereas there is a bearish buyer and a bullish seller for every put
option.
- Options are bought and sold by traders and investors for a variety of reasons. A
trader can hold a leveraged position in an asset at a lower cost than purchasing
shares of the asset by engaging in options speculation. Using options, investors
can hedge or lower their portfolios' risk exposure.
- When the option holder purchases call options or starts writing options, they may
be able to make money. One of the simplest ways to invest in oil is through
options. The two crucial figures for options traders to keep an eye on in order to
make the best investment decisions are an option's daily trading volume and open
interest.
d. CALCULATING DRAFT FOR COMMENT
- All are welcome to comment on the standardization proposals in the circulated

drafts. This gives those of you who don't actively participate in the
standardization process the chance to voice opinions and suggest changes while
also learning about the details of upcoming standards. Circulating drafts of
standards proposals for comment is central to the standardization process. The
circulation of these drafts is important in enabling affected parties to influence the
requirements and content of the standards developed. A circulated draft also
provides advance information, allowing you to prepare and adapt your business to
new requirements. Your responses help the organization, in collaboration with
participants in committees, to develop relevant, practicable and high-quality
standards.
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NAME: Kabigting, Edie Mae S.

SECTION: BSITM-TTO 4-YA-1

BUDGET MONITORING AND PREPARATION

- Revenue, Technology, Labor, Raw Materials

III. ANALYZING INTERNL AND EXTERNAL FACTORS THAT CAN IMPACT

An illustration of a negative interior component would be standard working methods:

IV. CONSULTING WITH COLLEGUES

a. ESTIMATING INCOME EXPENDITURES

- A task's (or programs, or an entire association's) income and expenditures budget

An income and spending budget’s total position could be:

 Balance - Where income and expenses are equal.

c. PROVIDING A RANGE OF OPTIONS

- Financial options are flexible products. These agreements typically involve a

d. CALCULATING DRAFT FOR COMMENT

- All are welcome to comment on the standardization proposals in the circulated

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