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Determine the Zero bases budgeting According to Leonard mere
According to Leonard mere, ZBB is a technique which complements and links the existing planning budgeting and review process. It identifies alternatives and efficient method of utilizing limited resources in effective attainment of selected benefits. It is a flexible management approach which provides a credible rational for re allocating resources by focusing on a systematic review and justification of the funding and performance levels of current programs or activities.
CONTIGENCY THEORY Some researchers have argued that the context in which budgetary control is used is as important as the style in which it is implemented and used. This is ter
1. Explain the modern control methods with examples. 2. What are the reports produced for performance measurement? Demonstrate.
Types of Simulation 1) Operational Gaining Method: This refers to those situations involving conflict of interest among players or decision makers within the framework o
Explain the main purpose of cost centre The main purpose of cost centre is two fields. 1. Recovery of cost: costs are collected, classified into two field in respect of
How much was Topaz’s operating income (income before taxes) last year?
Operating Cycle Method In this way, total operating expenses for a period are divided via the number of operating cycles in the relevant period to compute the cash need for wor
Independence of observations An important assumption for the simple linear regression model is the independence of errors. In many time series models, this assumption is violat
Financial decisions are depends on specific considerations the major being the cash flows, liquidity and cost. Short-term working capital decisions or financial decisions are diffe
Important steps of budgetary control There are certain steps which are essential for the successful implementation of a budgetary control system. They are as follows: 1) Or
what are the different arguments against direct materials, direct labor, and factory overhead
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