A. Statements: What statements were utilized for formulating your proposal? Why? Select the appropriate statements for analysis and defend your choices.
B. Expenses: What major expenses are associated with your proposal items and what budgetary accounts are impacted? C. Reasoning: Based on the previous year’s budget data, why did you select these budget items for adjustment over other options? D. 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.
E. Ratio Calculations: Using budget statements, formulate calculations that support each recommendation.
F. Projected Departmental Budget: Create a projected departmental budget for the upcoming year that incorporates the costs of the proposed changes.