Cost Accounting I
What is a self-imposed budget? What are some of the advantages and disadvantages of a company using a self-imposed budget?
Imposed Budget is a budget that is prepared by a method in which managers at different departmental heads prepare their own budgets. These budgets are then reviewed by the manager’s supervisor, and any issues are resolved by mutual agreement.
Advantages
1. Budget Estimates are made by departmental managers instead of
the top level management. The departmental managers are more aware
about the requirements of their department as opposed to the top
level, who might not be as aware.
2. It will lead to a higher motivated staff as individual
participation increases.
3. Further, the manager would be even more responsible for
achieving the budget as it is prepared by him; hence leading to
better performance at company level along with individual
level.
4. Individuals at all levels are recognised as members of the team,
and their opinions and ideas are also taken; hence leading to
variety of options.
Disadvantages
1. This type of budgeting may be time consuming and hence, not
prove very cost effective.
2. This puts unnecessary burden on the managers of preparing the
budget, instead of just adhering to the budgets.
3. This may foster Budgetary "gaming' through budgetary
slack.
4. It may lack strategic direction.
Cost Accounting I What is a self-imposed budget? What are some of the advantages and disadvantages...
What are the advantages and disadvantages of using flexible budget versus a static budget.
What are some advantages and disadvantages with using a HRIS system?
What are some of the advantages or disadvantages of a non-public company following different or simplified standards of GAAP?
What are some advantages of the EHR, what are some disadvantages, and how do those pros and cons compare to paper charting?
What are the advantages and disadvantages of outdoor advertising? What are the advantages and disadvantages of tv advertising? What are the advantages and disadvantages of magazine advertising? 75 word minimum
what would be in your opinion some of the advantages and disadvantages of such a Union/partnership for citizens who are part of it? What aspect particularly impressed/or shocked you? Can the U.S. learn anything from the E.U? I to 2 paragraphs
List and describe some advantages and some disadvantages of using serum in cell culture medium
What are some advantages and disadvantages of the First-Fit memory allocation algorithm? List at least one (1) advantage and disadvantage. What are some advantages and disadvantages of the Best-Fit memory allocation algorithm? List at least one (1) advantage and disadvantage.
According to the multinational management textbook what are some of the advantages and disadvantages of setting up production in developing nations.
What are some advantages and disadvantages of using natural gas vs. oil as energy sources? Suggest an alternative energy source to petroleum and natural gas. Can we afford not to use nuclear energy? What are some pros and cons?