List the advantages of program based budgeting, Managerial Accounting

Assignment Help:

Question:

(a) "Budgetary control comprises two distinct elements - Planning and Control''.

‘'A budget is a statement of what it is reasonable to believe can be made to happen''.

‘'A forecast is a statement of what is expected to happen''

Consider the above statements and explain the functions of a budgetary control system.

(b) In the public sector, the Medium Term Expenditure Framework (MTEF) is one of the approaches used to reform public expenditure planning and management processes enabling Governments to more clearly focus limited resources on achieving their objectives at both the national and sector levels, and improve the effectiveness and efficiency of expenditures.

A program budget is any budget that presents information on what ministries have done or expect to do with the money provided to them. It is designed to improve decision-making by providing better information on how well Government services meet the national community's needs.

(b) Explain what do you understand by Program Based Budgeting and describe how it works in the context of the Medium Term Expenditure Framework.

(c) List the advantages of program based budgeting


Related Discussions:- List the advantages of program based budgeting

Describe financial budgets, Describe Financial budgets Financial budget...

Describe Financial budgets Financial budgets: financial budgets are concerned with cash receipts and disbursements working capital expenditure financial position and business o

Cash to debt service ratio, Cash to debt service ratio  Cash to debt s...

Cash to debt service ratio  Cash to debt service ratio also known as debt cash flow coverage ratio is an improvement over the interest coverage ratio and is calculated. The

Case study, Please help me with these problems Merry -Go -Around (MGR) ...

Please help me with these problems Merry -Go -Around (MGR) a clothing retailer located primarily in shopping malls, was founded in 1968. By the early 1990s, the company had gon

Joint product decisions, JOINT PRODUCT DECISIONS When a manufacturing C...

JOINT PRODUCT DECISIONS When a manufacturing Company carries out a process operation in which 2 or more joint products are made from a common process a number of decision troub

Arrival rates-service rates-traffic intensity, Arrival Rates, Service Rates...

Arrival Rates, Service Rates, and Traffic Intensity The (average) arrival rate is the rate of arrival of customers at a queue, and is often denoted by x. If 10 customers arr

Service time-probability distribution curve, Service time-probability distr...

Service time-probability distribution curve A common example is that service times follow an exponential probability distribution i.e. y=e -x Service channels - t

Explain the objectives of management accounting, Explain the Objectives of ...

Explain the Objectives of management accounting? 1. Planning and policy formulation: the object of management accounting is to supply necessary data to the management for fo

Explain cost flow in activity based costing, Normal 0 false f...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Positioning, Positioning An essential part of the planning process is p...

Positioning An essential part of the planning process is positioning the organization to attain its goals. Positioning is a wide concept and depends on gathering and evaluating

Material storage, Material storage Sophisticated mathematical models to...

Material storage Sophisticated mathematical models to control economic buying, and systems control the flow of material may all be for naught if the obvious-efficient storekeep

Write Your Message!

Captcha
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