The weaknesses of an incremental budgeting system, Cost Accounting

Traditional budgeting  systems are  incremental  in nature and  tend  to  focus on  cost  centres.  Activity-based  budgeting  links  business  planning  to  the  budgeting  process  with  a  view  to searching the most cost-effective means of achieving objectives.  
Requirements:

(a)  Describe the weaknesses of an incremental budgeting system.  
(b)  Explain the main  features of an activity-based budgeting system and comment on the benefits claimed for its use.  

Posted Date: 3/18/2013 6:54:23 AM | Location : United States







Related Discussions:- The weaknesses of an incremental budgeting system, Assignment Help, Ask Question on The weaknesses of an incremental budgeting system, Get Answer, Expert's Help, The weaknesses of an incremental budgeting system Discussions

Write discussion on The weaknesses of an incremental budgeting system
Your posts are moderated
Related Questions
Are non-profit and governments required to depreciate assets? Why or why not? Would it make sense for them to use double declining balance? Is there a difference between a non-p

What is a standard and acceptable variance

XYZ Company is a family-owned bicycle manufacturing company located in Stow, Ohio. Until recently,it had maintained slow but steady growth in producing and marketing its only prod

Reasons for Cost Allocation 1. To provide comparison along with externally provided services:  It helps in assessing where to continue the contact or service outsiders. 2.

how to prepare separate accounts for each process given having been givent normal loss,output,overhead and output passes to next process

(i) Describe the difference between the balance sheet and the income statement in financial statements of companies. (ii) Give two examples of intangible assets and two exampl

MARGINAL COSTING IS PREFERRED TO ABSORPTION COSTING IN DECISION MAKING WHY

What are the strengths and weaknesses of the various costing methods and which would you recommend for a manufacturing enterpris? 2000word assay plus appendix

OBJECTIVES OF COST ACCOUNTING 1)To help in the development of long range plans by provided that cost data that acts as a origin for projecting data for planning. 2)To make s

Change in Fixed Cost In graph yx shows the existing profit curve for a company along with a fixed cost OY break=-even point B, margin of safety M; profit SX whereas sales volu