How could managers use the annual report figures to measure budget control success

Question

Question

How could managers use the annual report figures to measure budget control success

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer:

The Annual report figures presents performance of the company in the last year, Annual report figures shows actual costs and revenues, Annual report figures can be used as a basis for comparison between actual costs and revenues with budgeted costs and revenues.

The annual report figues can be used by managers as a tool , which helps then in analysing which deparments meets their budget targets and which departments requires improvement.This will lead to budget control success.

Add a comment

Answer 2

Similar Homework Help Questions

read the JCAHO, 2017 annual report. focusing on one core measure , identify the core measure...

read the JCAHO, 2017 annual report. focusing on one core measure , identify the core measure and indicate why it may be used to measure patient safety and quality care .
A training program has been developed to train Managers on how to keep control over their...

A training program has been developed to train Managers on how to keep control over their stress and anger when working under pressure. Who can train the Managers at the training session? What topics and lessons could be shared with the participants in the in-class training session on how to work on stress and anger management?
The purpose of the sales budget report is to a. control selling expenses. b. determine whether...

The purpose of the sales budget report is to a. control selling expenses. b. determine whether income objectives are being met. c. determine whether sales goals are being met. d. control sales commissions.

FLEXIBLE BUDGET PERFORMANCE REPORT Top managers of Hannah Industries predicted 2018 sales of 14,400 units of...

FLEXIBLE BUDGET PERFORMANCE REPORT Top managers of Hannah Industries predicted 2018 sales of 14,400 units of its product at a unit price of $9.00. Actual sales for the year were 14,000 units at $11.50 each. Variable costs were budgeted at $2.10 per unit, and actual variable costs were $2.20 per unit. Actual fixed costs of $42,000 exceeded budgeted foed costs by $5,500. Prepare Hannah's flexible budget performance report. What variance contributed most to the year's favorable results? What caused this...
Discuss a quality outcome measure that you could apply to a HIT project. Be specific on how you w...

discuss a quality outcome measure that you could apply to a HIT project. Be specific on how you would determine the success or failure of the outcome with the implementation of the tool.
Production managers and marketing managers don't usually get along well. How can a budget assist in...

Production managers and marketing managers don't usually get along well. How can a budget assist in reducing battles between these two areas?

discuss a quality outcome measure that you could apply to a HIT project. Be specific on...

discuss a quality outcome measure that you could apply to a HIT project. Be specific on how you would determine the success or failure of the outcome with the implementation of the tool.
Explain how you could do a level control loop, by making use of the feed forward...

Explain how you could do a level control loop, by making use of the feed forward philosophy
Both Andy Pforzheimer and Scott Lawton describe how important collaboration between managers is to the success...

Both Andy Pforzheimer and Scott Lawton describe how important collaboration between managers is to the success of Barcelona Restaurant Group. Which of the following causes of conflict can be traced back to the high level of group work in the company? A. Specialization. B. Status inconsistencies. C. Interdependence. D. Goal differences.

What proactive measure can managers and vendors use to mitigate the risk from technology projects such...

What proactive measure can managers and vendors use to mitigate the risk from technology projects such as EHR and other interoperability implementation?

How could managers use the annual report figures to measure budget control success

Homework Answers

Add Answer to:
How could managers use the annual report figures to measure budget control success

Post as a guest

Earn Coins

read the JCAHO, 2017 annual report. focusing on one core measure , identify the core measure...

A training program has been developed to train Managers on how to keep control over their...

The purpose of the sales budget report is to a. control selling expenses. b. determine whether...

FLEXIBLE BUDGET PERFORMANCE REPORT Top managers of Hannah Industries predicted 2018 sales of 14,400 units of...

Discuss a quality outcome measure that you could apply to a HIT project. Be specific on how you w...

Production managers and marketing managers don't usually get along well. How can a budget assist in...

discuss a quality outcome measure that you could apply to a HIT project. Be specific on...

Explain how you could do a level control loop, by making use of the feed forward...

Both Andy Pforzheimer and Scott Lawton describe how important collaboration between managers is to the success...

What proactive measure can managers and vendors use to mitigate the risk from technology projects such...

How could managers use the annual report figures to measure budget control success

Homework Answers

Add Answer to: How could managers use the annual report figures to measure budget control success

Post as a guest

Earn Coins

Add Answer to:
How could managers use the annual report figures to measure budget control success