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Define performance budgeting according U.S. bureau of budget
U.S. bureau of budget defines performance budget as one which presents purposes and objectives for which funds are required the cost programmer proposed for achieving those objectives and data measuring the accomplishment and work performance under each programmers.
In short performance budgeting may be defined as a technique for presenting operating in item of function programmer activity and projects. Hence, it may be described as a budgetary system where the input cost are related to the performance i.e the and results.
what is the role of accounting standard board?
Deposits from the public are one of the important sources of finance mainly for fine established big companies along with a vast capital base. The period of public deposits is rest
Each company must establish its own credit policy based on the ground condition and the environment wherein it is operating. The major goal of the credit policy is to stimulate sal
find full-cost& variable cost using transfer pricing method
Explain Kaizen costing It is a Japanese method used to manage cost during a product s planning and design stages and has been used by some Japanese firms for over twenty years
Planning Planning is the fundamental function of the management by means of which the managers decide: What goals are to be accomplished How they will be accomplished.
Features of product life cycle costing Product life cycle costing is important due to the following features: 1) product life cycle costing involves tracing of costs and re
It is the most practical way of estimating working capital needs. In such method, the finance manager gets ready a working capital forecast. While preparing such forecast, firstly
Outline Five characteristics of relevant cost
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