Discuss impact of performance evaluation on decision making

Assignment Help Accounting Basics

Reference no: EM133878246

Discussion Post: Flexible vs Static Budget

Description

1) Compare and contrast the benefits of the flexible budget vs the static budget.
2) Identify which of the two types of budget works best for a manufacturing entity?
3) What works best for a service entity?
4) Discuss why if you have a different answer for the two entities.

Journal Problem

Instructions

Submit a brief (between 150 to 200 words) reflection on what you learned in the course so far.

1) What new perspectives did you develop?
2) What new resources for learning did you discover?
3) What questions remain unanswered?

Homework: Accounting- Flexible Budgeting and Analysis of Overhead Costs

Topics

1) Overhead Budgets
2) Advantages of Flexible Budgets
3) Overhead Application in a Standard Cost System
4) Fixed vs Variable Overhead
5) Activity-based Flexible Budget

Task

1) Compute the flow of costs through manufacturing cycles and the determination of product (or service) cost.

2) Discuss the impact of flow of costs and product cost on decision making.

3) Describe the issues and procedures for the allocation of overhead costs, including activity-based costing.

4) Categorize the techniques and components of preparing a master budget.

5) Use commonly used tools for performance evaluation (e.g., ROI, residual income).

6) Discuss the impact of performance evaluation on decision making.

7) Prepare and explain the flow of cash as relating to operating, investing, and financing activities, free cash flow, and the impact that it has on decision making.

Reference no: EM133878246

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