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Week 5 Key Concept Exercise Budgeting and financing the organisation Print Page This week's Key Concept Exercise is intended to get you thinking about the use of budgeting in an organisation. There are many different types of budgets. This week, you will consider different budgeting approaches such as flexible, zero-based and rolling budgets in organisations. To prepare for the Key Concept Exercise: Read the Required Learning Resources for Week 5. Consider the value of budgeting for an organisation. Consider the different budgeting approaches. Consider the behavioural aspects of budgeting. In formulating your Key Concept Exercise, consider the following questions: Consider different budgeting approaches in an organisation. Consider how the budgeting approaches may differ among various organisations, such as a Fortune 500 company, a small business or a non-profit. What are the characteristics of a budgeting system among the various organisations? What are some of the ethical issues related to budgeting and the successful implementation of a budget? In an approximately 500-word response, address the following issues/questions: 'I don't need a budget; I run my own business so it's all in my head. Bothering with a budget would just be a waste of time and money!' Do you agree or disagree with this point of view? Discuss the value of budgeting for organisations of all sizes and types in terms of effective resource management. Explain what characteristics of a budgeting system are most likely to contribute towards its successful implementation and how a lack of these might result in ethical problems. To complete this Key Concept Exercise: Be sure to read over your Key Concept Exercise before submitting it to your Instructor. Make sure the spelling and grammar are correct and the language, citing and referencing you use when providing your opinion are appropriate for academic writing.
Calculate the missing amounts - Does that mean that profitability necessarily also declined? Explain, computing the gross profit rate and the profit margin ratio for each fiscal year to help support your answer.
question in summer 2005 timewarner inc. announced they were setting aside 3 billion to settle lawsuits from
In dealing with transactions between companies, accountants are required to make adjustments to nullify the occurrence. However, sometimes these transactions are a bit more complicated because non-controlling interests are present. Discuss fully the..
Dillons Corporation made credit sales of $30,000 which are subject to 6% sales tax. The corporation also made cash sales which totaled $20,670 including the 6% sales tax.
Additional sales were made to Steven in 2009 at a transfer price of $75,000 that had cost Nicole $54,000. Only 10% of the 2009 purchases had not been sold to outsiders by the end of 2009. Illustrate what amount of unrealized inter-company inventory..
Assume landline sold 1,000,000 minutes. Assume all expenses, if any, are discussed explicitly in the case. How much is Landline's gross profit if they use (a) the Gross method? (b) the Net method?
A N=2 year $2000 6% bond with quarterly coupons has redemption value $2050. It is purchased to yield 5% convertible quarterly. Construct a bond amortization table for the n = 8 quarters.
The Treasury Department of Drof Motors invests excess funds daily (e.g., in foreign currencies). It, thus, earns profits and losses, which are included in the company’s consolidated financial statements. Should Drof consider its Treasury operations a..
product x-47 is one of joint products in a joint manufacturing process. management is studying whether to sell x-47 at
Calculate the following ratios at December 31 2008 acid-test ratio and rate of return on total assets
calculation of companys average variable cost and its average cost curve.indicate the effect that each of the following
To evaluate whether the system of internal accounting control operated efficiently to minimize errors of failure to invoice a shipment, the auditor could select a sample of transactions from the population shown by the
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