Describe the type of budget you plan to implement in your company, and outline the budgeting review steps necessary to ensure that your company reaches the financial forecast.

For this assignment, you will decide what type of budget to implement for a start-up company.

 

Write a three to four (3-4) page paper in which you:

 

  1. Summarize the type of manufacturing company you plan to start up and determine how you will design the value chain for your manufacturing company.
  2. Describe the type of budget you plan to implement in your company, and outline the budgeting review steps necessary to ensure that your company reaches the financial forecast.
  3. Select at least four (4) specific benchmarks you will utilize in your company. Explain the benchmarks selected and their benefit(s) to your company.
  4. Explain the type of cost system you plan to implement in your company, and identify any major challenge(s) in implementing your cost system. Suggest a way to overcome the identified challenge(s).
  5. Integrate at least one (1) quality resource using in-text citations and a reference page in your assignment. Note: Wikipedia, Investopedia, and similar Websites do not qualify as quality resources.
  6. Format your assignment according to the following formatting requirements:

 

  • Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page is not included in the required page length.
  • Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.

 

Points: 240

Assignment: Start-up Budgeting

Criteria

Unacceptable

Below 60% F

Meets Minimum Expectations

60-69% D

Fair

70-79% C

Proficient

80-89% B

Exemplary

90-100% A

1. Summarize the type of manufacturing company you plan to start up and determine how you will design the value chain for your manufacturing company.

Weight: 20%

Did not submit or incompletely summarized the type of manufacturing company you plan to start up and did not submit or incompletely determine how you will design the value chain for your manufacturing company. Insufficiently summarized the type of manufacturing company you plan to start up and insufficiently determine how you will design the value chain for your manufacturing company. Partially summarized the type of manufacturing company you plan to start up and partially determined how you will design the value chain for your manufacturing company. Satisfactorily summarized the type of manufacturing company you plan to start up and satisfactorily determined how you will design the value chain for your manufacturing company. Thoroughly summarized the type of manufacturing company you plan to start up and thoroughly determined how you will design the value chain for your manufacturing company.
2. Describe the type of budget you plan to implement in your company, and outline the budgeting review steps necessary to ensure that your company reaches the financial forecast.

Weight: 20%

Did not submit or incompletely described the type of budget you plan to implement in your company, and did not submit or incompletely outlined the budgeting review steps necessary to ensure that your company reaches the financial forecast. Insufficiently described the type of budget you plan to implement in your company, and insufficiently outlined the budgeting review steps necessary to ensure that your company reaches the financial forecast. Partially described the type of budget you plan to implement in your company, and partially outlined the budgeting review steps necessary to ensure that your company reaches the financial forecast. Satisfactorily described the type of budget you plan to implement in your company, and satisfactorily outlined the budgeting review steps necessary to ensure that your company reaches the financial forecast. Thoroughly described the type of budget you plan to implement in your company, and thoroughly outlined the budgeting review steps necessary to ensure that your company reaches the financial forecast.
3. Select at least four (4) specific benchmarks you will utilize in your company. Explain the benchmarks selected and their benefit(s) to your company.

Weight: 20%

Did not submit or incompletely selected at least four (4) specific benchmarks you will utilize in your company. Did not submit or incompletely explained the benchmarks selected and their benefit(s) to your company. Insufficiently selected at least four (4) specific benchmarks you will utilize in your company. Insufficiently explained the benchmarks selected and their benefit(s) to your company. Partially selected at least four (4) specific benchmarks you will utilize in your company. Partially explained the benchmarks selected and their benefit(s) to your company. Satisfactorily selected at least four (4) specific benchmarks you will utilize in your company. Satisfactorily explained the benchmarks selected and their benefit(s) to your company. Thoroughly selected at least four (4) specific benchmarks you will utilize in your company. Thoroughly explained the benchmarks selected and their benefit(s) to your company.
4. Explain the type of cost system you plan to implement in your company, and identify any major challenge(s) in implementing your cost system. Suggest a way to overcome the identified challenge(s).

Weight: 25%

Did not submit or incompletely explained the type of cost system you plan to implement in your company, and identify any major challenge(s) in implementing your cost system. Did not submit or incompletely suggested a way to overcome the identified challenge(s). Insufficiently explained the type of cost system you plan to implement in your company, and identify any major challenge(s) in implementing your cost system. Insufficiently suggested a way to overcome the identified challenge(s). Partially explained the type of cost system you plan to implement in your company, and identify any major challenge(s) in implementing your cost system. Partially suggested a way to overcome the identified challenge(s). Satisfactorily explained the type of cost system you plan to implement in your company, and identify any major challenge(s) in implementing your cost system. Satisfactorily suggested a way to overcome the identified challenge(s). Thoroughly explained the type of cost system you plan to implement in your company, and identify any major challenge(s) in implementing your cost system. Thoroughly suggested a way to overcome the identified challenge(s).
5. 3 references

Weight: 5%

No references provided Does not meet the required number of references; all references poor quality choices. Does not meet the required number of references; some references poor quality choices. Meets the required number of references; some references poor quality choices. Meets number of required references; all references high quality choices.
6. Clarity, writing mechanics, and formatting requirements

Weight: 10%

More than 8 errors present 7-8 errors present 5-6 errors present 3-4 errors present 0-2 errors present

 

 

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