Problems in Managing finance? Rely on Budgeting | Finance Care ...

All of us are well aware of the word budget. A budget is a financial statement or plan of business prepared on monetary terms for a particular time span usually one year. Budgets may be a Functional budget or a Master budget. Functional budgets may be Fixed or Variable in nature which acts as a summarized activity log of various departments. The Master budget is a consolidation of all the functional budgets. Preparation of budget is necessary as it helps in forecasting, coordinating the different business activities but most importantly comparing the actual results with the budget and optimally utilizing the available resources. It is a blueprint for a projected plan of activities in a particular year and not just an assessment of future events but is formulated after forecasting the ends.

Budgeting is the art of preparing a budget and effectively using such budget in reaching the pre determined organizational goals. The three most important aspects of budgeting are planning, co-ordination and controlling. The main objective of preparation of budget are-

? to provide a focus/target for the organization
? co-ordination of activities and delegation of authority
? effective utilization of resources
? Maintain control over capital expenditure and financial plan of the business.
? Working capital management

Budgetary control is a type of financial control which is implemented by the management for controlling costs and harmonizing the activities of the business in the most profitable direction. Though budgeting is very important and also beneficial for the management there are certain drawbacks- estimates are used as base of budget thus the degree to which it can be relied upon depends, establishing a budget is time consuming and expensive, it is not a flexible system thus cannot accommodate changes and budgets do not get automatically executed and needs the active cooperation of managers at all organizational levels thus function of management cannot be reduced.

Budgeting acts as a powerful tool to the management for performing their various important functions like formulation of plans/policies, coordinating activities and controlling operations. The technique of budgeting is used in monitoring and performance evaluation of the business organization. Based on the budget prepared the management analyses the current progress of the business and make a comparative evaluation with the budgeted figures. It serves as an important source for the management to plan and control the business activities for the financial year.

From household activities to business, from governments to scientific projects, everything has to undergo some financial constraints. As a result, the need of budgeting in felt in all fields of life. Making a proper budget plan helps the financial investor to make sound investments those results in reduction of risk factor.

About Mac Mendiz

Mac Mendiz is the Editor to Finance Care Services and a guest columnist for many blogs that deals with finance. This entry was posted in Personal Finance and tagged Managing finance. Bookmark the permalink.

Source: http://www.financecareservices.com/problems-in-managing-finance-rely-on-budgeting.html

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Declining Health And Fitness: Mind Body Spirit Short Article ...

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FDA Closer To Approving Biotech Salmon

An anonymous reader writes with a story about the possibility of genetically engineered salmon showing up on your table. "A controversial genetically engineered salmon has moved a step closer to the consumer's dining table after the U.S. Food and Drug Administration said Friday the fish didn't appear likely to pose a threat to the environment or to humans who eat it. AquAdvantage salmon eggs would produce fish with the potential to grow to market size in half the time of conventional salmon. If it gets a final go-ahead, it would be the first food from a transgenic animal - one whose genome has been altered - to be approved by the FDA."

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/BMWs1bhaQgA/story01.htm

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Newtown celebrates Christmas and remembers victims

NEWTOWN, Conn. (AP) ? Newtown celebrated Christmas amid piles of snow-covered teddy bears, long lines of stockings and heaps of flowers as volunteers manned a 24-hour candlelight vigil in memory of the 20 children and six educators gunned down at an elementary school just 11 days before the holiday.

Well-wishers from around the country showed up Christmas morning to hang ornaments on a series of memorial Christmas trees while police officers from around the state took extra shifts to direct traffic, patrol the town and give police here a break.

"It's a nice thing that they can use us this way," Ted Latiak, a police detective from Greenwich, Conn., said Christmas morning, as he and a fellow detective, each working a half-day shift, came out of a store with bagels and coffee for other officers.

The expansive memorials throughout town have become a gathering point for town residents and visitors alike. A steady stream of residents, some in pajamas, relit candles that had been extinguished in an overnight snow storm. Others took pictures, dropped off toys and fought back tears at a huge sidewalk memorial in the center of Newtown's Sandy Hook section that is filled with stuffed animals, poems, flowers, posters and cards.

In the morning, Newtown resident Joanne Brunetti watched over 26 candles that had been lit at midnight in honor of those slain at Sandy Hook Elementary School. She and her husband, Bill, signed up for a three-hour shift and erected a tent to ensure that the candle flames never went out throughout the day.

"You have to do something and you don't know what to do, you know? You really feel very helpless in this situation," she said. "People have been wonderful to everybody in Newtown whether you were part of what happened or not. My thought is if we were all this nice to each other all the time maybe things like this wouldn't happen."

At a town hall memorial, Faith Leonard waved to people driving by and handed out Christmas cookies, children's gifts and hugs to anyone who needed it.

"I guess my thought was if I could be here helping out maybe one person would be able to spend more time with their family or grieve in the way they needed to," said Leonard, who drove to Newtown from Gilbert, Ariz., to volunteer on Christmas morning alone. "I know they've been inundated with support and that's great, but it's always nice to have a present to open on Christmas day."

Julian Revie played "Silent Night" on a piano on the sidewalk at the downtown memorial. Revie, from Ottawa, Canada, was in the area visiting at the time of the shootings. He cancelled his plans to go to Australia, found a piano online and chose to spend Christmas Eve and Christmas Day playing for the people of Newtown.

"It was such a mood of respectful silence," said Revie, who planned to leave the piano behind. "But yesterday being Christmas Eve and today being Christmas Day, I thought now it's time for some Christmas carols for the children."

Many town residents attended Christmas Eve services Monday evening and spent the morning at home with their families. Others attended church services in search of a new beginning.

At St. Rose of Lima Roman Catholic Church, which eight of the child victims of the massacre attended, the pastor told parishioners that "today is the day we begin everything all over again."

Recalling the events at Sandy Hook Elementary School on Dec. 14, the Rev. Robert Weiss said: "The moment the first responder broke through the doors we knew good always overcomes evil."

"We know Christmas in a way we never ever thought we would know it," he said. "We need a little Christmas and we've been given it."

Police have yet to offer a theory about a possible motive for gunman Adam Lanza's rampage on Dec. 14. The 20-year-old Newtown man, who lived at home, killed his mother in her bed before carrying out the massacre at the elementary school, then killing himself.

Most businesses were closed for the holiday and the heavy traffic near memorials that has been ever present since the shootings largely disappeared for the day. Still, a steady stream of out-of-state vehicles passed by, with many passengers taking pictures of the memorials from their cars. Some stopped to get out and contribute to them.

Philadelphia resident Ed Sison brought his wife and 9-year-old son to Newtown on Tuesday while they were on their way to see family in Massachusetts. They decorated memorial trees with ornaments and beads, among other things.

"It's an event that just touches us all. We have a young son and you know we all feel the pain," he said.

____

Associated Press writer Debbi Morello contributed to this report.

Source: http://news.yahoo.com/newtown-celebrates-christmas-remembers-victims-184411065.html

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Man who killed 2 firemen left note on killing plan

WEBSTER, N.Y. (AP) ? The ex-con who lured two firefighters to their deaths in a blaze of gunfire left a rambling typewritten note saying he wanted to burn down the neighborhood and "do what I like doing best, killing people," police said Tuesday as they recovered burned human remains believed to be the gunman's missing sister.

Police Chief Gerald Pickering said 62-year-old William Spengler, who served 17 years in prison for the 1980 hammer slaying of his grandmother, armed himself with a revolver, a shotgun and a military-style rifle before he set his house afire to lure first responders into a death trap before dawn on Christmas Eve.

"He was equipped to go to war, kill innocent people," Pickering said.

The rifle he had was a military-style .223-caliber semiautomatic Bushmaster rifle with flash suppression, the same make and caliber weapon used in the elementary school massacre in Newtown, Conn., Pickering said.

The chief said police believe the firefighters were hit with shots from the rifle given the distance but the investigation was incomplete.

Pickering declined to divulge the full content of the two- to three-page note left by Spengler or say where it was found, but read one line from it: "I still have to get ready to see how much of the neighborhood I can burn down, and do what I like doing best, killing people."

The human remains were found in the charred house that Spengler shared with his 67-year-old sister, Cheryl. A medical examiner will need to determine the identity and cause of death because the body is badly burned.

Spengler killed himself as seven houses burned around him Monday on a narrow spit of land along Lake Ontario in this suburb of Rochester. A friend said Spengler hated his sister but the chief said the note left by him did not give a motive.

No other bodies were found, and police late Tuesday said the on-scene investigation had been completed.

Two firefighters were shot dead in the ambush and two others are hospitalized in stable condition.

Spengler fired at the four firefighters when they arrived shortly after 5:30 a.m. Monday to put out the fire, Pickering said. The first police officer who arrived chased the gunman and exchanged shots.

Authorities said Spengler hadn't done anything to bring himself to their attention since his parole. As a convicted felon, he wasn't allowed to possess weapons. Monroe County District Attorney Sandra Doorley said Spengler led a very quiet life after he got out of prison.

A friend, Roger Vercruysse, lived next door to Spengler and recalled a man who doted on his mother, whose obituary suggested contributions to the West Webster Fire Department.

"He loved his mama to death," said Vercruysse, who last saw his friend about six months ago.

Vercruysse also said Spengler "couldn't stand his sister" and "stayed on one side of the house and she stayed on the other."

The West Webster Fire District learned of the fire after a report of a car and house on fire on Lake Road, on a narrow peninsula where Irondequoit Bay meets Lake Ontario, Monroe County Sheriff Patrick O'Flynn said.

Emergency radio communications capture someone saying he "could see the muzzle flash coming at me" as Spengler carried out his ambush. The audio posted on the website RadioReference.com has someone reporting "firefighters are down" and saying "got to be rifle or shotgun - high powered ... semi or fully auto."

Two of the firefighters arrived on a fire engine and two in their own vehicles, Pickering said. After Spengler fired, one of the wounded men fled, but the other three couldn't because of flying gunfire.

The police officer who exchanged gunfire with Spengler "in all likelihood saved many lives," Pickering said.

The dead men were identified as police Lt. Michael Chiapperini, 43, the Webster Police Department's public information officer; and 19-year-old Tomasz Kaczowka, also a 911 dispatcher.

Pickering described Chiapperini as a "lifetime firefighter" with nearly 20 years in the department, and he called Kaczowka a "tremendous young man."

The two wounded firefighters, Joseph Hofstetter and Theodore Scardino, were in stable condition Tuesday at Strong Memorial Hospital, the chief said. Both were awake and alert and are expected to recover.

Hofstetter, also a full-timer with the Rochester Fire Department, was hit once in the pelvis, and the bullet lodged in his spine, authorities said. Scardino was hit in the chest and knee.

The shooting and fires were in a neighborhood of seasonal and year-round homes set close together across the road from the lakeshore. The area is popular with recreational boaters but is normally quiet this time of year.

___

Associated Press writer Mary Esch in Albany contributed to this report.

Source: http://news.yahoo.com/man-killed-2-firemen-left-note-killing-plan-165807219.html

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48 years on, couple learns marriage wasn't legal

By Jacob Rascon and Julie Brayton, NBCLosAngeles.com

In 1964 Norma and Bob Clark had a wonderful wedding in Northern California. Everything was perfect.

Nearly five decades later, the happily married couple, now in their seventies, live in Redlands.

But while getting paperwork in order in case one of them passed away, they made a somewhat disturbing discovery -- they were never legally married, because they had no marriage license.

"I couldn't find it, and couldn't find it for a reason, because it wasn't there," Norma Clark said.

When couples get a marriage license, the person who then marries them must return the license to their county record office, where it becomes a marriage certificate.

Read more from NBCLosAngeles.com

The pastor who married the Clark's apparently never did that.

Bob Clark went to the San Bernardino County Hall of Records to try to fix everything. The couple first told the story to the Redlands Daily Facts.

"I just went in there thinking I could just do it, and she said, 'No, no, you have to have witnesses,'" Clark said.

"Well, you know most people at our wedding are dead. If we had waited a couple more years, we would have been in trouble,? he added.

'You Can Be Right' investigates modern love and marriage?

Luckily, the Clarks had their old maid of honor and junior usher in town for the holidays. The four of them, among others, finally made it official.

The Clarks' son, Alex, got to attend the second marriage.

?My sister and I, we just kind of joked that we didn't have to throw them a 50th anniversary party anymore," he said.

Norma Clark said their friends in Redlands had teased them, wanting to know when the reception would be.

And they have some advice: Check your marriage license.

Source: http://usnews.nbcnews.com/_news/2012/12/22/16083111-48-years-later-california-couple-learns-marriage-wasnt-legal?lite

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Snapseed (for Android)

A year after being designated the iPad App of the year by Apple in 2011, Nik Software's impressive tablet photo editor comes to Android. Maybe that's not such a huge surprise, considering that Android creator Google purchased Nik Software, the maker of Snapseed, this past September. Though it doesn't have quite the stunning interface of Apple's iPhoto for iOS and some of the mind-blowing content-aware tricks of Adobe Photoshop Touch, Snapseed remains one of the most powerful image editors available for tablets. Best of all? It's now free (as is its iOS counterpart).

Interface
Snapseed for Android's interface is nearly identical to that of the iPad app. It's simple and clear, yet it packs in a lot of power and in-depth detail. After you open or shoot a photo, you'll see rectangles along the bottom of the screen (or along the side if you're in landscape orientation), which you can swipe through to choose edits, adjustments, and effects. Simple swiping gestures let you adjust contrast, brightness, and color; or you can have the program choose those automatically or choose control points in the image.

An always-present icon lets you compare your edited work with the original, and the original image is always saved?the editor is non-destructive of your original image. A question mark is always available in the upper-right hand corner, and touching it overlays helpful hand-drawn instructions showing where to tap or swipe to perform a function.

The app adroitly handles photo-fixing basics such as brightness, contrast, cropping, and straightening. For Snapseed's sharpening capability, accessible from the Details option, Nik borrows from its pro-level Photoshop plugin, Sharpener Pro 3.0. This even lets you adjust with sliders for strength and "structure," providing a powerful way to bring out hidden textures.

I was also impressed that many of the adjustments and effects can be applied to specific areas of the image using control points in the app's Selective Adjust and Selective Focus sections. These let you apply brightness, contrast, and saturation to an adjustable circular region of the photo. You drag one finger in and out while holding the other on the control point to enlarge or shrink the affected area, which is shown by a red overlay. Adobe's Photoshop Touch app, however, exceeds Snapseed in this department, with desktop-Photoshop-like local brushes. That app also surpasses Snapseed in things like removing background objects, and working with image layers.

Snapseed's Drama tool could indeed add drama to a bleak landscape I tried it on, while Vintage offers nine old-fashioned photo looks and several texture options. Grunge is one of Snapseed's most impressive tools, with a whopping 1,500 style settings, each a different degrees of color emphasis or fading. Once you're done with tweaking the actual image, you can place it in a choice of frames that give the photo a mounted appearance.

Snapseed offers one of the hottest effects in digital photography today?"tilt shift." I use quotation marks, because, although this is the popular term for the miniaturization and saturation technique, tilt-shift is actually a geometry effect only possible with expensive lenses. Snapseed lets you choose an elliptical or linear focus area for the effect, and you can change the angle and thickness of the focus area.?This is actually more control over the tilt shift effect than you'll find in some desktop apps, and the results can be impressive.

Sharing
Unfortunately, Google is using this app as another way to pump up its under-populated social network. To that end, there's a big Google+ button below your photo on the main screen. Fortunately, you can share to places you're more likely to have contacts at from the Share menu available from the options menu at top right. This will make any service you've installed an app for a sharing target; on my test tablet, I could share to Pinterest, Facebook, Box, and several more.

More than Speedy Snapping
Instagram certainly offers fun ways to doll up your photos and a compelling social photo community, but Snapseed is more capable and powerful at enhancing your images. True, it lacks the splashy design of Apple's iPhoto for iOS, but it exceeds that excellent app in some effects. And the price is right?free?making Snapseed our Editors' Choice for Android photo editing apps.

More Android App Reviews:
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Source: http://feedproxy.google.com/~r/ziffdavis/pcmag/~3/50eVKDMLrUQ/0,2817,2413000,00.asp

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