Issues regarding the preparation of the budgets

Assignment Help Accounting Basics

Reference no: EM13763583

The city in which you live provides its budget information in monthly budgetary control reports with each month representing 1/12th of the overall budget. You overhear several managers discussing the budget at a community meeting. You were surprised to hear that half of the managers liked this process and that the other half felt that it did not adequately match their expenses.

Discuss the issues regarding the preparation of the budgets and why half of the departments liked the process and why the other half did not like the process. Complete the following:

Give examples of 1 department on each side of this controversy.
Can the budgeting process be made more reflective of the work actually being completed?
Explain your answer.

Reference no: EM13763583

Questions Cloud

Interest payable annually : A BOND WITH CURRENT YIELD=10.75% ON ISSUE DATE, MATURING IN 5 YEARS, IRR=8.57%, INTEREST PAYABLE ANNUALLY, INTEREST PAYABLE SEMI-ANNUALLY

How are the concepts of positive and normative economics : Given the current pressures on China, Jamaica, and America expressed in the article, how would ethics play a role in decision making for financial, environmental, and cultural issues, How are the concepts of positive and normative economics reflect..

Death investigation based problems : Explain how you can differentiate between injuries created from blunt force trauma versus sharp force injuries.

How to develop and build entrepreneurial skills : What skills and knowledge do creative entrepreneurs require in the contemporary creative economy - How to develop and build entrepreneurial skills

Issues regarding the preparation of the budgets : Discuss the issues regarding the preparation of the budgets and why half of the departments liked the process and why the other half did not like the process. Complete the following:

Problem related to the capital stock of corporations : Respond to the following independent issues concerning the capital stock of corporations in your initial post:

What market form do you believe that manufacturers operate : Should higher education be classified as a natural monopoly in these European countries? Explain and justify your answer and use appropriate examples to support your conclusions.

Apple versus samsung : Apple iPads continue to be successful. The Samsung Galaxy Tab is one (1) of iPad's competitors. Use the Internet and Strayer Library to research the advantages and disadvantages of these devices and to determine if they are comparable.

Confidence interval for the national average : Compute a 98% confidence interval for the national average error based on these sample results. Assume the travel agent errors are normally distributed in the population. How wide is the interval? Interpret the interval.

User Account

All Pages