5-2 Final Project: Milestone Two

To complete this part of the assignment, the following items, as well as those listed above, must be addressed:
I. Budget (Note: Respond to the following critical elements in the proposal outline, not on the Excel document)
A. Statements: What statements were utilized for formulating the proposal. Why? Select the appropriate statements for analysis and defend the
choices.

B. Expenses: What major expenses are associated with your proposal items?

C. Budgetary Accounts: What budgetary accounts (i.e., salaries) are impacted, and in what way?

D. Reasoning: Based on the previous year’s budget data, why did you select these budget items for adjustment over other options?

E. Ratios: Research the various ratio options (including ROI) used for reviewing financial statements. Determine what ratios you will use for your
proposal items and explain why.

F. Ratio Calculations: Using budget statements, formulate calculations that support each recommendation.

G. Projected Departmental Budget: Create a projected departmental budget for the upcoming year that incorporates the costs of the proposed
changes.