How do l write an essay on the role of budgeting in the functioning of an organisation?
Answer:
Grit your teeth and bear it.
Start by defining your terms if you can bear the tedium saying something like "a budget is a plan expressed in monteary terms".
Explain the perfectly obvious in as much details as you can bear:
Have a cup of coffee, wander off, come back, start to talk about feedback and monitoring and variances and metrics and formalised information flow and stream lining of processes and the value of information and flexing budgets for revised activity levels, reporting by exception, escalation of reaction and goal congruence.
Wax lyrical about the integration and coordination of effort between the misfits in engineering and the brainless dopes in sales. These are people who are only ever present in the same room at budget meetings.
Explain the difference between zero base budgeting (start from scratch and challenge everything) and incremental drift (last years figure + x%). Develop the link to corporate culture.
In concluding you can say a bit about the budget preparation cycle and how all the blood, sweat and tears are really worth it. This is, of course, a big lie but a necessary one.
when you do a budget you have to analize what you spent last year, are you going to do the same things this year? Are u going to not do some things this year? Will you need more or less employees? And so you have an idea of your needs and costs.
You can start with -
Budgeting: the eighth wonder of the corporate crime world. The tool that makes corporate theft, graft, larceny impossible to detect. Though designed with good intentions in mind, budgeting has become the scourge of the modern day board room.
Good luck.
An essay is a short work of writing that treats a topic from an author's personal point of view. Essays are non-fictional but often subjective; while expository, they can also include narrative. Essays can be learned arguments, literary criticism, political manifestos, observations of daily life, recollections and reflections of the author.
The definition of an essay is vague, overlapping with those of an article and a short story. Almost all modern essays are written in prose, but works in verse have been dubbed essays (Alexander Pope's An Essay on Criticism and An Essay on Man). While today an essay is partly defined by its brevity, voluminous works like John Locke's An Essay Concerning Human Understanding and Thomas Malthus's An Essay on the Principle of Population refer to themselves using the term.
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