What justification you would give to the firms board of directors for creation and maintenance of separate and sizeable budget for training and development.?

Q: What are some ways a board can train their employees to be effective in its financial decision…

A: It is important that employees view the goal of the company in the same way as the board would view…

Q: Describe the primary characteristics for governmental and not-for-profit entities. How does this…

A: Governments with general purposes offer a wide range of services. Typically, only one or a small…

Q: What is the major benefit of tying a budget to the overall goals of the compan

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: Which provides the most benefit to an organization, a budget or the budgeting process? Why?

A: Budget: A budget is a systematic allocation of resources to different departments depending on the…

Q: q: Budgeting: The various activities within a company should be coordinated by the preparation of…

A: The budget has the following different functions: Forecasting: This entails making a determined…

Q: Why is it important to include a budgetary committee in the budgeting process?

A: Budgeting is a process of forecasting of revenues, expenses, investments for the future period of…

Q: Explained how the company's budgetary control system could be revised to improve its effectiveness.

A: The company is work on the budget to be initially made with a view to follow the pattern…

Q: Illustrate and explain budgeting as a managerial tool in government organizations to account for…

A: Managerial tools can be defined as those supportive business management tools which help the…

Q: ‘Budgeting has a number of different purposes including: Planning; Control; Performance evaluation;…

A: A budgeting system helps an organization to plan and decide the amount to be spent in a particular…

Q: Financial performance analysis includes analysis and interpretation of financial statements in such…

A: Financial performance analysis includes analysis and interpretation of financial statements in such…

Q: Discuss the human resources movement view of motivation 2) Discuss the different type of operating…

A: 1.Discuss the human resources movement view of motivation The human relations movement in…

Q: hy is it important to comply with ethical provisions and be transparent in budgeting?

A: Budgeting refers to the process of formulating a plan which describes the ways and zones under which…

Q: Define the role of the budget in the public sector. Describe Performance Based Budgeting and give an…

A: The process of budget is basically the allocation of resources to different category, based on the…

Q: What is the impact of responsibility reporting and budgeting on an organization?

A: A manager's performance is evaluated based on matters that are directly under the control of that…

Q: How is the financial plan and budget related to a company’s strategic plan?

A: Strategic plans are long term action plans which direct a firm towards its goals. Financial plan and…

Q: What are the benefits of tying a budget to the overall goals of the company?

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: What are the ethical provisions that needs to be followed in budgeting?

A: The process of allocating a company's financial resources is known as budgeting. Although necessity…

Q: These statements are proper to the budgeting process except A It is part of management's…

A: Budgeting is a crucial process in the management of any organization, whether it is a small business…

Q: Evaluate and detail the significant steps in setting a financial / cost controlling budget in a…

A: Answer:-  Budget:- The projection of future income and expenses can be done with the help of a…

Q: An evaluation of the role that budgets play in the effective planning and control of resources in an…

A: Budgets are an essential tool for effective planning and control of resources in an organisation.…

Q: Describe your understanding of budgets, both fixed and flexible, in the context of controlling and…

A: Organizations produce budgets for a variety of purposes, including cost control, performance…

Q: What is the purpose of a budget in financial management? a) To record and report financial…

A: Financial management refers to the process of planning, organizing, directing, and controlling the…

Q: Identification. 1. The collection of all area and activity budgets representing a firm’s…

A: Budgeting is the practice of planning how money will be spent. This expenditure plan is referred to…

Q: For your area finance evaluate how appropriate the executive performance measures and incentives are…

A: The question is based on the concept of performance link incentives for top-level managers. The…

Q: Financial performance analysis includes analysis and interpretation of financial statements in such…

A: In the world of finance financial performance analysis is an important analysis that is done so as…

Q: Why do the authors suggest that a thorough review of the firm’s chart of accounts, account…

A: The entire budgeting and planning exercise involves careful review and analysis of the revenues and…

Q: Benjamin Manufacturing has a target debt-equity ratio of .45. Its WACC is 11.2%, and its cost of…

A: The cost of equity signifies the expected rate of return a company needs to deliver on its equity…

Q: How are standards used by management in evaluating organizational units, as to their budgetary…

A: A budget refers to the financial plan that is used by managers in order to estimate revenues and…

Q: Budgets in governmental organizations serve :as all of the following except .a Control mechanisms .b…

A: Budget is the quantitative expression of estimated future course of action. For example, Sales…

Q: Which stakeholders might be more interested in the budget rather than the financial statements? Why?

A: Stakeholders of the organization are the people having some kind of interest vested in the…

Q: planning

A: Planning, budgeting & financial forecasting plays an important role in any organization to take…

Q: what is contemporary organization and would you recommend budgeting for contemporary organisations…

A: Contemporary organization It is a type of organizational structure that is fluid and it is easy to…

Q: Do you agree with this statement? Explain why or why not

A: Budgeting is the technique which is applied and made by each organization and any business more…

Q: Discuss how are budgets used to help organizations plan for future and how are budgets used for…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: Which of the following is a feature that distinguishes a traditional performance budget from other…

A: Quantitative performance objectives for agencies and departments is a feature that distinguishes a…

Q: When a company develops and implements a master budget, there is a tendency to incentivize adherence…

A: In accounting master budget is a very important financial planning document.   Essentially a master…

Q: Foster the planning of operations, provide a framework for performance evaluation, and promote…

A:

Q: Budgets are the primary instrument managers

A: Budgeting is preparing a plan to spend the business's money. It allows the managers and…

Q: 1.Dale, a senior accountant, references the company’s accounting statements as the basis for a…

A: Budget :— It is the estimated plans for revenue and expenses for specific future period.   Shedule…

Q: 1.In your own words what is budgeting? 2. What is financial planning and how it is important to the…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Budgeted Income Statement

Accounting is the process of recording business-related financial transactions. The process of accounting involves summarizing and analyzing the transactions. The financial statements which are prepared in accounting contain a summary of the various transactions that took place within a certain accounting period. Book-keeping or accounting is one of the most important activities of any business.