Help! this is my assignment and i don't know where to start... submit an operational budget for an organisation .

You will need access to:

cash flow projections

fixed costs information

sales records and projections

variable business costs

In preparing the budget you must:

1.Conduct the appropriate research and discuss the budget requirements, for example:

annual planning

cost reduction

rolling forecasts:

next period

monthly

next year.

2.Set the time frame for the budget.

3.Document the budget in an appropriate format, for example:

explanations of calculations used

explanatory notes

graphics

highlighted estimates and projections

tables

Your budget should include mechanisms for monitoring and identifying variances.

To earn a judgement of competence, you must also:

oestablish and confirm budgetary milestones and performance indicators, for example:

compliance with scheduled payment dates

profits and losses

reports:

quarterly

half yearly

annually

ocollect financial data and prepare operational budgets for the organisation

oidentify budget variances and report variances to designated stakeholders, for example:

chief executive officers

clients

directors

financial institutions

suppliers

orecord and document budget reports, for example:

cash budgets

purchase budgets

sales budgets

Statement of financial performance

Statement of financial position