Types of Budgets

Learning Goal: I’m working on a finance discussion question and need the explanation and answer to help me learn.

In your own words, answer this unit’s discussion questions in a main post (recommended minimum 300 words), and respond to at least 2 peers’ postings (recommended minimum 75 words).

After you have reviewed the Assignment Details below, click the Launch Discussion Board link under the Assignments tab for this unit to open the Discussion Board and make your post.

Use these videos for help on how to post to the Discussion Board:

Assignment Details

Various types of budgets facilitate understanding about the big picture of a business. There are budgets that are set and unchangeable, as well as budgets that allow for variability.

  • Explain 2 different types of budgets and discuss how they complement each other.
  • What is the difference between a flexible budget and a static budget? Which one do you believe works better for a business you have worked for or about which you are familiar?

In your replies to others, share your knowledge and experiences with a specific type of budget. Include whether the budget was flexible or static.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Discussion Board Reminders:

  • Must have three posts: A Main Post and two replies to peers.
    • First post: Either your main post or a reply to others must be posted before midnight CT (Central time) on Friday of each week.
    • Second and third post: Must be posted on a different day from the first post.
  • Connect to Content: At least one post must refer to course learning materials. See the Academic Resource on Discussion Boards for help with connecting to the content.
  • Engaging in Class Discussions: For more information on making the most of your class dialog, review the Academic Resource on Discussion Boards.

Requirements: main post (recommended minimum 300 words), and respond to at least 2 peers’ postings (recommended minimum 75 words)

Recommended Sources

Libby, T., & Lindsay, R. M. (2010). Beyond budgeting or budgeting reconsidered? A survey of North-American budgeting practice. Management accounting research21(1), 56-75.

Hofstede, G. H. (Ed.). (2012). The game of budget control. Routledge.

Bierman Jr, H., & Smidt, S. (2012). The capital budgeting decision: economic analysis of investment projects. Routledge.

Shaturaev, J. (2021). Financing and Management of Islamic (Madrasah) Education in Indonesia. Zeszyty Naukowe Politechniki Częstochowskiej. Zarządzanie, (42), 57-65.