The effectiveness of the budgetary control system in 'Cleaning For Essay

The effectiveness of the budgetary control system in 'Cleaning For London' - Essay Example It will include illustrating and evaluating the role of budgetary control in support to internal planning and decision making. It aims to create an effective budgetary control system for its operations, to identify cost behaviours and to propose a suitable recommendation for improvement. Budget is a quantitative financial plan of operations. It identifies the resources needed in order to accomplish the organisation’s goals and objectives. It contains detailed plans and policies to be pursued in a future accounting period. It is continuous where one updates the budget for the year at the end of each month or each quarter. A continuous budget remains more relevant and more current. As a service company, â€Å"Cleaning Services for London† the operating budget includes purchase budget, human resources budget and sales budget. One of the major facets of budgeting is cost control. Budgets are the key to cost control. The purpose of budgetary control is to help master the financial aspects of the company’s operations and solve problems before they occur. Financial control is exercised by managers in preparing budgets for revenues and expenditures of an organisation in advance. Budgetary control facilitates the management and allocation of resources and funds in operating the business to achieve desired outcomes or to provide basis for revision of business objectives and plans. The activities of the company are categorized into two – revenue generators and cost drivers. These main activities summarise the operations of the company in financial terms where revenue generators are cash inflow of the company while cost drivers are expenses incurred in the operation of the business. The company utilises a simple budget system in line with a business plan for one year. The manager who is responsible for the financial, marketing, administrative and operational matters uses cash flow forecasts as basis

The need for a consistent nation wide policy to ensure quality early Thesis - 1

The need for a consistent nation wide policy to ensure quality early childhood education to close the achievement gap - Thesis Example This paper therefore proposes a nationwide policy for early childhood care and education reform that is informed by the evidence revealed over the years. Early childhood education and care policies in the US are three dimensional in nature. First, the federal government or state governments may make provision for early childhood care and education either directly or they can offer subsidies or reimbursement relative to partial casts of private education and care. Secondly, state governments may provide child care and/or education to all US children or they may provide support to a specific class of children. Thirdly, the purpose of child care and education may be looked upon as providing for the child’s development or as a means of supporting working parents. In other words, child care and education policies in the US may be seen as either providing a child development service or a support system for working parents (McCartney and Phillips 2006). This part of the paper examines the development of federal legislation and policies relative to early childhood education and early childhood special education by reference to federal legislation from 1965 to the present. The Head Start project is characterized as among President Lyndon B. Johnson’s Great Society’s â€Å"most popular and enduring legacies† (Vinovskis 2005, p. 1). The identification of the â€Å"other America† at the beginning of the 1960s, drew official attention on the fact that approximately one fourth of Americans were decidedly poor and were segregated from â€Å"the mainstream of American culture† (Washington and Bailey 1995, p. 21). Then President John F. Kennedy theorized that preventing poverty among adults necessarily required starting with the child who are receiving welfare on account of parental death, disability, abandonment or parental