Program development involves learning and understanding the major principles and models of budgeting. Budgeting for financial control of a human services program involves making decisions about managing the budget, including selecting the appropriate method based on how the program is structured.

Please respond to the following:

• Explain the concept of financial control.
  • Describe how the financial control purposes of budgeting deal with the relationship between revenues (inputs) and expenses (activities).
• Identify the three major models of the budgetary process.
  • Describe the similarities and differences within the models.
• What are the three principal purposes of budgeting? What are the three major corresponding budgeting systems?
  • Describe the similarities and differences between the three.
• In your opinion, should small nonprofit organizations hire outside consultants to help them with budgeting issues, or should they develop their expertise in-house? Use your text or other professional resources to support your answer.

please provide references.  

Answer rating: 100% (QA)

Answer Concept of Financial Control Financial control refers to the process of monitoring and managing an organizations financial resources to ensure they are being used effectively and efficiently to ... View the full answer