1 Excel worksheet & 300400 words
So your new accountant could practice the budgeting process in your for-profit company, you want her to compare budgeting methods for two different kinds of entities.
You give her information for a for-profit and for a nonprofit entity and ask her to complete the following:
- Given the assumptions and data in this Excel file:
- complete next years budgeted figures for each entity within the same Excel worksheet (yellow cells)
- include your reasoning for most of the budgeted figures (green cells)
Because of a bad recession, government grants were not cut by 50% but are eliminated completely for next years budget and fundraising effortsdespite an increase in expensesdid not improve at all.
- Write a memo of 300400 words explaining what you would recommend that the museum manager do.