Assess the efficiencies in Municipality budget plan to achieve organizational objectives Essay

Assess the efficiencies in Municipality budget plan to achieve organisational objectives.Background of the study In the recent past, UA E has received act development and prosperity. Municipality is a government sector responsible for infrastructural development crosswise the city. Western region Municipality has several plane sections that have common objectives of fulfilling the organizations work process. The accounting department plays a key role in development. Municipality is therefore dependent on the accounting sectors as well as other sectors in meeting its objectives.The UAE department of finance and the Municipality must meet in achieving the objectives. The UAE finance department has to avail funds to the Municipality. Funds counseling is a crucial factor in an organization. The accounts department should plan in effect and forecast the expected expenditures. The interrogation aim is to assess the effectiveness in Municipality budget plan to achieve organisationa l objectives.Municipality ensures development within towns. tuition would entail facial expression of roads, bridges and drainage systems just to mention a few. Construction of a bridge in the Western region Municipality was halted. The construction was halted due to the budget constraints Municipality was experiencing. This necessitates a research to find out the constraints and guard recommendations to the budget planners. A comprehensive examination budget result ensure organizational goals and objectives are attained. Municipality will be in a point of finish projects timely, without budget challenges. The research will also religious service scholars aware of factors considered when sexual climax up with an effective budget plan.The research will be channelise by the financial theory and the budget idea. The financial theory entails the hard currency flows and budgeting. Budgeting involves the computation of budget statements. Budget statements contain numerical figur e that help the business plan ahead. The organization performance is checked against the budgeted figures. The budget opinion will be use to help in forecasting prox operations that will help in attainment of objectives. The budget concept will be guided by the results obtained from the financial theory. With proper budgeting, UAE department of finance will acquire the forecasted budget from the municipality and accomplish its goals. tally to the patience expert, there are three challenges facing the accounting manufacture categoric accountants in the accounting industry, online accounting technology and firm consolidation. Unqualified accountants lead organizations. Online technologies pose a great threat to the accountancy field. Business owners whitethorn now likely question why they need to solicit the go of an accountant when they can do a large number of functions for themselves (Economia.icaew.com, 2014). According to Mitten another challenge of the accounting industry is consolidation of firms.The study will be conducted with an aim of evaluating the effectiveness of the municipality budget plan in a bid to come up with ways of attaining the organizations objectives. From the discussions with the industry expert, the municipality should Carryout interviews when enrolling accountants seek financial advices from competent accountants on the budget plan computation, accept all their departments specific roles. For instance the accounting department should only deals with accounting. interrogation plan Quantitative research approach will be use where data will be obtained from various accounting departments in the municipality. A survey questionnaire will be issued across the accounting departments in the regions of the municipality. The results obtained from the research will be analyzed and presented in graphs. To come up with comprehensive findings in a research a researcher should advert the problem, identify the objectives, review litera ture, design a research methodology, collect data, analyze data, discuss the data, deduce recommendation, give a conclusion then give a final report. The researcher should then present the information.Research timetableTask attain Duration Start FinishDevelopment of the proposal 6 days Tue 2/17/15 Tue 2/24/15 literature review 7 days Sun 3/1/15 Mon 3/9/15Data Collection and analysis 5 days Sat 3/14/15 Thu 3/19/15Discussions, Recommendations and Conclusions 6 days Sun 3/29/15 Fri 4/3/15Final Report 10 days Sun 4/12/15 Thu /4/23/15Presentation 2 days Tue 5/19/15 hook up with 5/20/15ReferencesEconomia.icaew.com,. (2014).Top three challenges facing accountants at once Economia. Retrieved 24 February 2015, from http//economia.icaew.com/opinion/october-2014/top-three-challenges-facing-accountants-todaySource document