What are the various ways of measuring the performance of an organization so that it can be tied to budget allocation?
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What are the various ways of measuring the performance of an organization so that it can be tied to budget allocation?
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- Which one of the following budgets would be prepared first? O Sales budget O Cash budget O Budgeted statement of financial position O Budgeted statement of profit or lossDescribe at least three advantages that budgeting can bring to an organisation. (Adapted from the CMA)Which database would you select for your budgeting? What are the factors you took into consideration when making this decision? Please discuss.
- Briefly discuss TWO (2) advantages that can be derived from proper budgeting practices within an organization.Describe at least three benefits that an organization can expect to realize from budgeting. (CMAAdapted)How do the master budget budgets differ among manufacturing, merchandising, and service organizations?.
- What are some potential problems with the top-down and bottom-up budgeting processes? What are some ways of dealing with these potential problems? In preparing a budget, what indirect costs should be considered?. GIVE 5 EXAMPLES OF ERGONOMICS SITUATIONS AND ITS IMPORTANCEcritically analyze the tools that are used for Report generating for executive level, management level (periodic and ondemand) from internal and/or external data of an organization for faster decision making.
- I have attached the unit readings to assist in answering hthe question The Scenario Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together. Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager. ‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc. We really need this guy’s…How would you encourage the Sales Department or Catering Department to improve? What data would you track and review to control budgets and objectives?What are some important behavioral and implementation issues in strategic performance measurement? How does the management accountant deal with these issues?