Major reason for introducing budgetary control

Assignment Help Accounting Basics
Reference no: EM131128527

The major reason for introducing budgetary control and standard costing systems is to influence human behaviour and to motivate the managers to achieve the goals of the organization. However, the accounting literature provides many illustrations of accounting control systems that fail to give sufficient attention to influencing human behaviour towards the achievement of organization goals.

You are required:

(a) To identify and discuss four situations where accounting control systems might not motivate desirable behaviour.

(b) To briefly discuss the improvements you would suggest in order to

Reference no: EM131128527

Questions Cloud

Control sequence of cylinder operations : How an electronic controller could be included in the circuit to control sequence of cylinder operations
Utilization of a constrained resource : Drums, bins, boxes, and other containers that are used in the petroleum industry are sold by Holden Inc. One of the company's products is a heavy-duty, environmentally friendly, corro- sion-resistant metal drum, called the STR drum, used to store ..
Monitoring and enforcing ethical standards : What systems are in place for monitoring and enforcing ethical standards in your workplace? Would you alter these in any way if you were constructing the monitoring system yourself? What else would you do to evaluate your ethics program?
What is inferred about the origin of a satellite : Provide an example of a regular satellite: Provide an example of an irregular satellite: What is inferred about the origin of a satellite from the regularity/irregularity of its orbit
Major reason for introducing budgetary control : The major reason for introducing budgetary control and standard costing systems is to influence human behaviour and to motivate the managers to achieve the goals of the organization.
Create financial model and analysis for publicly traded : Create a financial model and analysis for a publicly traded company, including historic and pro forma financial statement analysis. A suggested format for the model is shown below. In one excel file, include a worksheet for: Revenues Income Statement..
The expected cash inflow for year : Piccadilly Hospital has purchased new lab equipment for $200,000. The equipment is expected to last for three years and to provide cash inflows as follows:
How big is this object in everyday terms : "How big is this object in everyday terms? " (Give an example of an everyday object that has this size. Give an example of an everyday object that has this mass.)
Central in many private and public sector union contracts : Seniority is central in many private and public sector union contracts. What are the advantages to both employers and employees of using seniority to allocate employment opportunities? What are the disadvantages? How can a balance be struck between t..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Horton enterprises issued 100000 10 year 6 bonds payable on

horton enterprises issued 100000 10 year 6 bonds payable on 11.interest is payable each 6 months 11 and 71.the discount

  Describe what happens to recycled cans and bottles

Describe what happens to recycled cans, bottles, and newspapers after they go to the recycling bin

  Which costs is both a prime cost and a conversion cost

In an ABC costing system there are many potential benefits, but there can be many reasons why they fail. Which of the following is typically NOT a reason for failure:

  Correlation and confidence intervals

A hardware retailer has average sales of $64,235 with a standard deviation of $5,918 for a 12-month period. The mean monthly sales for all retailers in the chain are $59,844. Is this hardware retailer's sales significantly different from all retai..

  The first payment was made at the inception of the lease

The first payment was made at the inception of the lease. How would OAC classify this lease if it prepares its financial statements using IFRS? Why?

  Management is trying to decide what transfer price to use

better food company recently acquired an olive oil processing company that has an annual capacity of 2000000 liters and

  Internet or at pawn shops two counties over

James T. Johnson is a 24-year-old construction worker who lives at home with his mother. During the week, he goes to work on time, does his work, and comes home. Occasionally, he will go out with a group of coworkers on a Friday evening. He has on..

  The medium pizza normally sells for 1299 and has variable

the management of rockos pizzeria is considering a special promotion for the last two weeks of october which is

  Everly corporation acquires a coal mine at a cost

Everly estimates that 4,000 tons of coal can be extracted. If 700 tons are extracted the first year, prepare the journal entry to record depletion.

  Reck govt and non profit accounting

Reck Gvt and Non Profit Accounting

  Determine the administrative costs calculated to each

Scudder company has two operating departments: mixing and forming. Mixing has 240 employees and occupies 22,000 ft². Forming has 80 employees and occupies 18,000 ft².

  Indicate the effects of the adjustment for depreciation

Indicate the effects (accounts, amounts, and or) of the 2015 adjustment for depreciation of the manufacturing equipment, assuming no change in the estimated life or residual value. Show computations. Give the adjusting entry that should be made at th..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd