ZuoTi.Pro
Question

Discuss the importance of budgets in enhancing the financial and non-financial performances of an...

Discuss the importance of budgets in enhancing the financial and non-financial performances of an organisation. Explain how participative budgeting may assist the budgetary process in a decentralised organisation.

Your discussion should include the role of budgets:

◦           in performance measurement of divisions and divisional managers.

math   Advanced-Math   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Gives datos he budgsinga tool tn finacial No mance anaamentrl Ruosthe aclievingPe-formance oal Hae ditteret depostmanta an beex foxmance ovi LosA lnclude labor, matHalu and othex volatad et hd cyten boten info vertisina and fbit moioKary

0 0
Add a comment
Know the answer?
Add Answer to:
Discuss the importance of budgets in enhancing the financial and non-financial performances of an...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Question 2: Budget (20 marks in total) Kuipers Manufacturing is a medium sized company that manufactures...

    Question 2: Budget (20 marks in total) Kuipers Manufacturing is a medium sized company that manufactures and markets a range of products. The divisions of Kuipers Manufacturing include whitegoods, kitchenware and outdoor furniture. The senior management team oversees the budgeting process. This includes the managing director, the financial controller, the manufacturing director and the marketing director. Jack Kohler the managing direct of Kuipers Manufacturing, recognises the importance of the budgetary process for planning, control and motivation. He believes that a...

  • Patricia Eklund, controller in the division of social services for the state, recognizes the importance of...

    Patricia Eklund, controller in the division of social services for the state, recognizes the importance of the budgetary process for planning, control, and motivational purposes. She believes that a properly implemented participative budgetary process for planning purposes and an evaluation procedure will motivate the managers to improve productivity within their particular departments. Based upon this philosophy, Eklund has implemented the following budgetary procedures. • An appropriation target figure is given to each department manager. This amount is the maximum funding...

  • Planning and Control- Budgeting Management and cost accounting requires the accumulation of costs for a number...

    Planning and Control- Budgeting Management and cost accounting requires the accumulation of costs for a number of different purposes, i.e. stock valuation and profit measurement, decision making and planning and control. The budgeting process has been traditionally used to plan an organisations’ activities into the future. A budget can be described as an approved financial plan, reflecting expectations for a defined, future period of time. Budgets also serve an as important framework for performance evaluation and control by holding individuals...

  • Question 1: Discuss how International Financial Reporting Standards (IFRS) are developed? and the role played by...

    Question 1: Discuss how International Financial Reporting Standards (IFRS) are developed? and the role played by AASB in that process? Question 2: It is argued by some researchers that even in the absence of regulation, organisations will have an incentive to provide credible information about their operations and performance to certain parties outside the organisation; otherwise, the costs of the organisation’s operations will rise. What is the basis of this belief? Please provide at least three reasons and/or theories to...

  • Case 9-46 Participative Budgeting (LO 9-20, 9-3Q, 9-9@) Patricia Eklund, controller in the division of social...

    Case 9-46 Participative Budgeting (LO 9-20, 9-3Q, 9-9@) Patricia Eklund, controller in the division of social services for the state, recognizes the importance of the budgetary process for planning, control, and motivational purposes. She believes that a properly implemented participative budgetary process for planning purposes and an evaluation procedure will motivate the managers to improve productivity within their particular departments. Based upon this philosophy, Eklund has implemented the following budgetary procedures. • An appropriation target figure is given to each...

  • Discuss the different types of financial and non-financial risks which pertain to your organization (you can also consid...

    Discuss the different types of financial and non-financial risks which pertain to your organization (you can also consider any company ). Consider your organisation or the company related to your group industry project, recommend a capital investment project and discuss what value will it add to the firm and should the organisation take up the project or not? (Hint: Use capital budgeting).

  • there were two pictures stay in Protected View Enable Editing attempt both questions. QUESTION 1: Divisional...

    there were two pictures stay in Protected View Enable Editing attempt both questions. QUESTION 1: Divisional Performance Measurement and Project Appraisal Question 1 (a) Divisional Performance Measurement Zeta is a decentralised manufacturing entity, operating within the electronics industry. Zeta prides itself on giving its customers a well- made product, which reflects the latest trends and technologies in the marketplace. Zeta has two divisions, Alpha and Beta. Return on Investment (ROI) is the primary measure of each division's performance. Each divisional...

  • A budget is a plan by an individual or company for spending it resources which is...

    A budget is a plan by an individual or company for spending it resources which is based on experience and future expectation of the project or business (Hilton, 2016). There are various types of budget like cash budget, performance budget, sales budget, production budgets, planning budgets, capital budgets etc. I work in multifamily property management and we use a Participative budgeting. With multifamily properties there are different costs that are associated, and the participative budgeting allows employees in the company...

  • please answer Q9 yo Q12 in Australian firm a private placement? 8. Explain how shares are...

    please answer Q9 yo Q12 in Australian firm a private placement? 8. Explain how shares are bought & sold? 9. Section 39 of the Public Governance, Performance and Accountability (PGPA) Rules requires Commonwealth entities to prepare annual performance statements, which measure and assess the performance of the entity in achieving its purpose. a. Identify and explain the key features of the PGPA performance statement. b. Identify and explain what must be included in the PGPA statement if the entity has...

  • Discuss your recommendations to Amar Product based on the budget that you have prepared in part (a)?

    Amar Products Ltd has been in business for several years. They are preparing their budget for the four months starting on 1 January 2022. Estimated sales are:           Sales RMNovember15,000December18,000January12,000February13,000March15,000April14,000May16,000                                                    ·      Purchases are made one month before sale and cost 45% of the sales value. They are paid for in cash. ·      All sales are on credit. It is expected that 35% will pay one month after the sale and 65% two months after the sale.  ·      Salaries of RM6,500 will...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT