We're Open
+44 7340 9595 39
+44 20 3239 6980

[Solved] i. An understanding of how the company benefits from having a budget and how the budget process helps development of the

  100% Pass and No Plagiarism Guaranteed

[Solved] i. An understanding of how the company benefits from having a budget and how the budget process helps development of the business. (25 marks)

Module Title: Business Finance Module Code: MOD003319

ASSIGNMENT QUESTION

Uniate is an international dating agency targeting academic and administrative staff in the education sector. It has been operating for 5 years and has 50,000 regular users in the UK and Republic of Ireland. Its headquarters is located on an estate near Watford which provides space for the IT facilities and staff, and also accommodates management, finance, HR and administration. It has a design and marketing office in Milton Keynes. It employs approximately 75 staff full- and part-time.

Alasdair is the Managing Director and 30% owner of UniDate. Now that the UK is preparing to leave the EU, he is determined to make the best of it. He is therefore considering potential changes to marketing and linked advertising sales which might be possible without EU restrictions on data use. He also wants to step up efforts to market into the Gulf, North America and the Far East.

UniDate has always used a traditional budgeting system. The Finance Director, Anna, joined 3 years ago but is concerned that this approach might not be the most appropriate when such significant changes may be affecting the company in the coming years. However, if a change of budget approach is going to be made, she thinks it should happen in time for the 2018 budget process. That way any “bugs” can be ironed out before the company goes through more significant changes in the following years.

She is also conscious that Alasdair is currently focused on a lot of issues and a change of budget method is not one of them. If she is to get approval she needs to make a clear effective argument

Requirements:

Prepare a report of no more than 2,500 words communicating the following issues:

Part 1

i. An understanding of how the company benefits from having a budget and how the budget process helps development of the business. (25 marks)

ii. The application of traditional budgeting approaches to a business such as this one, identifying the key areas of the business which the budget process needs to address (10 marks)

iii. Analysing whether a traditional budgetary system is appropriate to the business in its planned future form

Part 2

iv. An understanding of alternative budget systems and what benefits they might offer to the company (25 marks)

v. The potential application of these methods to the company including a discussion of the potential problems they may give rise to (10 marks)

vi. Analysing whether one of these methods (or a combination) would be more appropriate to the company


100% Plagiarism Free & Custom Written,
Tailored to your instructions


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120


100% Pass Guarantee

STILL NOT CONVINCED?

View our samples written by our professional writers to let you comprehend how your work is going to look like. We have categorised this into 3 categories with a few different subject domains

View Our Samples

We offer a £ 2999

If your assignment is plagiarised, we will give you £ 2999 in compensation

Recent Updates

Details

  • Title: [Solved] i. An understanding of how the company benefits from having a budget and how the budget process helps development of the business. (25 marks)
  • Price: £ 109
  • Post Date: 2021-10-16T06:02:48+00:00
  • Category: Essays & Coursework
  • No Plagiarism Guarantee
  • 100% Custom Written

Customer Reviews

[Solved] i. An understanding of how the company benefits from having a budget and how the budget process helps development of the business. (25 marks) [Solved] i. An understanding of how the company benefits from having a budget and how the budget process helps development of the business. (25 marks)
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

I have tried other sites for assignment help but the result that Insta Research has produced outweighs others. Since I am weak at writing and shaping the data logically, I am glad I took help from this site. Thanks to my writer for such a great quality of the assignment in Business.
Reviews: 5

A masterpiece of assignment by , written on 2020-03-12

The rates are a bit expensive for me of the essay writing service but the overall look is amazing. The references and formatting are done beautifully. So, I feel that the high rates are worth all these qualities. I want to thank you for great help.