What are some of the pros and cons of budget preparation

Assignment Help Managerial Accounting
Reference no: EM132993982

Question - A self-imposed budget is a method of preparing budgets in which the company allows the managers of the different departments to prepare their own budgets. These budgets are then reviewed by upper level management. What are some of the pros & cons related to this type of budget preparation?

Reference no: EM132993982

Questions Cloud

Prepare the journal entry to record the accrual of interest : Prepare the journal entry to record the accrual of the interest at year end, November 30, 2020, assuming interest has not previously been accrued
Produce a portfolio report : Stock Portfolio Assignment - Produce a Portfolio Report that you would expect to receive from an Investment Advisor. Present your material in a positive
Explain two fundamental characteristics : Based on IFRS framework, explain TWO fundamental characteristics and ONE enhancing characteristic that will not help meet the users' information needs
Explain whether the situation meets the assets criteria : The company recently spent $9,000 replacing windows broken during the recent theft incident. Explain whether the situation meets the assets criteria
What are some of the pros and cons of budget preparation : These budgets are then reviewed by upper level management. What are some of the pros & cons related to this type of budget preparation
Discuss the complexity in the contacting process : Discuss the complexity in the contacting process and denote why organizations take the time to use contracts. Use APA 7 formatting Cite
Prepare the statement of cash flows for orion trading ltd : During the year ended 30 June 2021, the cash balance of Orion Trading Ltd increased from $50,000. Prepare the Statement of cash flows for Orion Trading Ltd
What are various issues that can arise during contracting : What are some of the various issues that can arise during contracting? Discuss the various issues that may occur while dealing with contracts on a project.
OSCM 5130 Productivity, Innovation and Lean Systems : OSCM 5130 Productivity, Innovation and Lean Systems Assignment Help and Solution, Kwantlen Polytechnic University - Assessment Writing Service

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Preston concrete is a major supplier of concrete to

preston concrete is a major supplier of concrete to residential and commercial builders in the pacific northwest.nbsp

  What is the company contribution margin ratio

What is the company's contribution margin ratio? How many units would the company have to sell to attain a target profit of $125,000?

  Which is an advantage of decentralization

Which is an advantage of decentralization? Decentralization of operations enables top management to achieve operating expertise in all product lines and service

  Calculate the amount that kbw should record in inventory

Calculate the amount that KBW should record in its inventory for each completed beach bag. Show all calculations and state all assumptions.

  What is value of ending inventory under absorption costing

25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. What is the value of ending inventory under absorption costing?

  Is managing director and market director are part of budget

Is managing director, marketing director, admin manager and finance manager are part of budget committee in a big company? Provide an example.

  What market size variance for operating income for tesla was

An actual market share of 40% even though the overall market for electric cars shrank by 20%. The market size variance for operating income for Tesla was

  Where were costs in line and where were they out of line

Where were costs in line and where were they out of line - What could have been done to produce more favorable numbers?

  What was the week labor efficiency variance

What was the week's labor efficiency variance? Based on the standards, each and every manicure should take 1/2 hour (30 minutes)

  Which statements best describes an ordinary annuity

Which statements best describes an ordinary annuity? Series of cash inflows of varying amounts collected at the end of each period.

  How many units did m and h sell

Net income under variable costing was $222000 and $161800 under absorption costing last year. Production equalled 62000 units. How many units did M&H sell?

  Find what fixed manufacturing overhead volume variance

Find What is the fixed manufacturing overhead volume variance in this period? is it favorable or unfavorable.Yama Industries builds playground equipment

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd