Imposed budgets- budgetary styles, Managerial Accounting

Assignment Help:

Imposed Budgets

In this approach to budgeting, top management prepares a budget with little or no help from operating personnel, which is then obligatory upon the employees who have to work to the budgeted figures.

Imposed budgets are effective in the following conditions:

In a newly formed organization
In a very small business
During periods of economic hardship
Whenever operational managers lack budgeting proficiencies
When the organization’s different units require precise co-ordination

Related Discussions:- Imposed budgets- budgetary styles

Accrued expenses, The other source of spontaneous short-term financing is t...

The other source of spontaneous short-term financing is the accrued expenses which arise by the general conduct of business. An accrued expense is an expense which has been incurre

Uncertainty of demand-determining the safety stocks level, UNCERTAINTY OF D...

UNCERTAINTY OF DEMAND Demand is the most troublesome variable to predict accurately. Actually, demand may fluctuate from day to day, from week to week or from month to month. T

Stating dependent variable-cost estimating relationship, State (or select) ...

State (or select) the dependent variable (Y) Will the CER be employed to estimate price, labor hours, cost, material cost, or some other measure of cost? Will the CER be employ

Multistage decision making, definition and illustrations

definition and illustrations

Decision - making, Decision Making Some managers appear to have an...

Decision Making Some managers appear to have an intuitive sense of good decision making. The reality is that good decision making is hardly ever done by intuition. Consist

Moore company uses process costing, Moore Company uses process costing. Th...

Moore Company uses process costing. The following information was available for October: During October, 1,000 units were started, and costs incurred during the month were

Correlation coefficient, Correlation coefficient (r) Correlation coeffi...

Correlation coefficient (r) Correlation coefficient measures the degree of association between two variables such as the cost and the activity level. r = nΣxy - Σx Σy

Describe the selling costs and development costs, Describe the Selling cost...

Describe the Selling costs and Development costs Selling costs: These are costs of seeking to create and stimulate demand (sometimes termed as marketing) and securing orde

Provision for contingencies, After determining the amount of working capita...

After determining the amount of working capital as in above, a specific amount say 5 percent or 10 percent may be added to cover contingencies. This is to be noted that facts depen

TOTAL PRODUCTIVE MAINTENANCE, Identify the ways in which Total Productive M...

Identify the ways in which Total Productive Maintenance could be applied as part of a manufacturing organisation''s quality programme

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages