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Go to: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=321520
https://www.bbrt.org/beyond-budgeting/bb-problem.html
"Budgeting Gamesmanship" - posted on your site.
"Why Incentive Plans Cannot Work"-posted on your site.
Critically review the above. Do you agree, partly agree or disagree with the issues raised in the above? Discuss your reason (s) for doing so. You need to support your viewpoint with carefully chosen and authoritative evidence.
Names: Student Numbers:
Bases of assessment
HD P F
Technical component - accuracy in calculations.
Essay: evidence of research
Essay: a demonstration of critical evaluation of the issues.
Essay format: As per The General Guide for the Presentation of Academic Work
Expression - clarity, style (formal and academic), coherence in writing, grammar, punctuation, spellings and sentence structure.
Expression of your view (and not a catalogue of quotes/ others' ideas)
A logical flow of argument at both the paragraph level and the overall text level.
Use of supporting arguments.
Use of literature to support the argument.
Referencing procedure (within the text, and at the end of the text).
Appropriately styled and punctuated bibliography.
Overall Presentation - including cover page, line spacing, page numbering.
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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