Imposed budgets- budgetary styles, Managerial Accounting

Assignment Help:

Imposed Budgets

In this approach to budgeting, top management prepares a budget with little or no help from operating personnel, which is then obligatory upon the employees who have to work to the budgeted figures.

Imposed budgets are effective in the following conditions:

In a newly formed organization
In a very small business
During periods of economic hardship
Whenever operational managers lack budgeting proficiencies
When the organization’s different units require precise co-ordination

Related Discussions:- Imposed budgets- budgetary styles

Total overhead cost variance, Problem From the following data, calculat...

Problem From the following data, calculate overhead variances of following: (a) Variable overhead expenditure variance (b) Fixed overhead expenditure variance (c) Total ov

Budgets and human behaviour, what are the most effective management styles ...

what are the most effective management styles in an organisation

Zero based budgeting, areas where zero based budgeting can be effectively u...

areas where zero based budgeting can be effectively used?

What is the meaning cost reduction, Normal 0 false false fa...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4 What is the Meaning Cos

Costs and benefits of factoring, Two types of costs concerned in factoring ...

Two types of costs concerned in factoring are as: 1) The service fee or factoring commission 2) The interest on advances granted through the factor to the firm. Factoring

Cost classifications, explain briefly variable cost, fixed cost and semi- v...

explain briefly variable cost, fixed cost and semi- variable in the production cost of a productor service, giving example for each

Cost behaviour, How costs behave as the level of activity/volume changes. ...

How costs behave as the level of activity/volume changes. Why an understanding of cost behaviour is important ? Types Variable e.g. petrol, direct materials Fixed e.g.

Determine the working capital needs, Himalaya Ltd.'s Profit and Loss Accoun...

Himalaya Ltd.'s Profit and Loss Account for the year ended on 31st December 2005 is specified below. You are needed to determine the working capital needs under operating cycle met

Illustrate the steps involved in ratio analysis, Steps involved in ratio an...

Steps involved in ratio analysis The following are the four steps involved in the ratio analysis: 1) selection of relevant data from the financial statement depending upon t

Moral Law vs. Tax Law, 1. Do you think that the tax minimization scheme ...

1. Do you think that the tax minimization scheme described to Debbie Kishimoto is in harmony with the ethical behavior that should be displayed by top corpo- rate executives? Wh

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages