Budgetary planning and control, Cost Accounting

Budgetary Planning and Control

Budgeting refers to the process of quantifying the plans of an organization such as to enable it get its objectives in the defined duration.  The result of the process is budgets that are employed for cost performance evaluation, control and future decision making. Budgetary Planning and Control may be observed as short-term quantification and monitoring of long-term strategic plans of the organizations. Strategic planning includes preparation of strategic plans that explains the objectives to be pursued in the framework of corporate policy.  It is via budgeting such a long-term corporate plan is place into action. Budgets may be prepared for departments, financial or functions and resource items. In fact, several people refer to budgeting as implies of coordinating the combined intelligence of the whole organization into a plan of action.

Posted Date: 2/7/2013 3:06:48 AM | Location : United States







Related Discussions:- Budgetary planning and control, Assignment Help, Ask Question on Budgetary planning and control, Get Answer, Expert's Help, Budgetary planning and control Discussions

Write discussion on Budgetary planning and control
Your posts are moderated
Related Questions
Service Cost Centres Since no production cost units pass via the service cost centers, it is essential to apportion the service department costs; to the production cost center

The question required consideration of both the monetary performance and the financial position, from the perception of a potential lender. As with previous questions, candidates w

A bank in a medium-sized midwestern city, Firm X, currently charges $1 per transaction at its ATMs.  To determine whether to raise price, the bank managers experimented with a n

Marple Associates is a consulting firm that specializes in information systems for construction and landscaping companies. The firm has two offices-one in Houston and one in Dallas

Overhead Cost Analysis and Classification Overhead costs may be analyzed into a) Which that may be directly identifiable along with a single cost center, as an  example of,

A company is considering the following alternatives: Alternative 1 Alternative 2 Revenues $240,000 240,000 Variable costs 120,000 140,000 Fixed costs 70,000 70,000 Which of the fol

Using  the  information below, list profit statements  for June and July using  (a) margin costing and (b) absorption costing. A company produces and sells 1 product only which

Developing and Insight into Labour and Material Variance The calculation of labour and material variances is not sufficient; we require knowing how the variance could have typ

Q. What is the amount of compensation expense recognized for stock options for each year of the vesting period, given the following information?  A firm awards stock options at-

Material Costs Material refers to each physical input into the production procedure. They involve the giving as: Raw material refers to bought in material that is used