Groups are to select ONE budget from the list below and then answer the following questions:

Groups can change type budget, as long as it is confirmed by the instructor and is not duplicated or chosen by another group.

• Sales / Revenue Budget Group 1
• Profit Budget
• Cash Flow Budget
• Financial Position Budget
• Production Budget Group 2
• Purchase Budget Group 3
• Expenditure Budgets Group 4
• Cash Budget
• Master Budget
• Zero Base Budgets
• Flexible Budget Group 5
• National Budget
• Company Budget Group 6
• Personal Budget
• Corporate Budget Group 7
• Government Budget Group 8
• Business Set Up Budget
• Partial Budgeting
• Capital Budgeting Group 9
• Performance Based Budgeting
• Incremental Budgeting

Questions:

1. 1. What budget did your group select?
   2. What are the components of the budget that your group selected?
   3. Why should does an organization need the budget that your group selected?
   4. What are the advantages?
   5. What are the disadvantages?
   6. What barriers, if any, exist in implementing this budget in a global pandemic
   7. What are your recommendations related to the budget that you selected?
2. Budget financials:
   1. How does the budget your group selected impact the overall financials of the organization?
   2. What are your recommendations for cost savings?
3. Explain in detail:
   1. How covid 19 may or may not have impacted the budget that your group selected (ie how has the production budget been impacted due to covid)
   2. What are your recommendations for balancing the budget your group selected?

Deliverables:

Report: :(60 marks)

• Upload your answers on Moodle (Turnitin) in MS Word format
• Complete the report in your own words
• Maximum word count allowed = 1,000 words (+/- 10%).

In-class Presentation: :(40 marks)

• Duration of presentation 10 minutes per group
• Question/answer session 3 minutes per group