MSN6216 2019 January Unit 5 Discussion Latest

MSN6216 - Advanced Finance and Operations Management

Unit 5 Discussion

Budget Design

In this unit’s assignment, you will submit an operating budget. Discuss your experience of designing the budget.

Describe what parts of the process were areas of strength for you.

What factors contribute to those strengths?

Describe areas of weakness.

What resources can you use to improve your skills in those areas?

How has your concept of budget creation changed over the course of completing this assignment?

Ensure that your discussion post is adequate in length by following the requirements for postings found in the Faculty Expectations Message (FEM). In addition, be sure to cite at least one source from the assigned readings or other professional and scholarly literature, as applicable, to support your position, substantiate a claim, or when referring to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required number of peers and use the word count stated in the FEM, preferably responding to posts that have had few or no responses. Your responses are expected to be substantive in nature. You are encouraged to ask questions, elaborate on a particular point, offer an alternative viewpoint, or add comments that extend or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following questions:

How does your experience with budget design compare with that of your colleague?

What suggestions or recommendations can you offer to help your colleague strengthen their budgeting skills?

What resources have you found to be useful in preparing an operating budget that you would recommend?

Learning Components

This activity will help you achieve the following learning components:

Apply the principles of effective composition.

Proofread and edit budget data and information.