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Cost control helps departments meet their budgets. Without cost controls, departments wouldn't meet their budgets and products would have to be overpriced to meet the budget overages.
Basically... * as a starting point for all other budgets * to set objectives for sales * allocate resources and finance * based on assumptions about the maket
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the personal is for your self and family is a group
Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
The finance officer reports major financial events to the CEO. They are also responsible for ensuring that departments budgets are aligned with the strategic objectives of the organization.
D. T. L. Jones has written: 'Accountability and budgets in colleges'
Cost control helps departments meet their budgets. Without cost controls, departments wouldn't meet their budgets and products would have to be overpriced to meet the budget overages.
Authority and responsibility may means controlling the responsibilities. In any business or project management their major responsibility is to design a scheduled times before having discussion also keeping costs and cash flow within the project budgets, and delivered any needs, and the person who authorised to make decisions as to the cost and schedule and other question throughout the whole business. In addition, individual also authorised over a business or project and they allowed changing their business requirements, and the person who have responsibility they not necessarily to change to their project and business requirement.
Yes they are. Staff below management will seldom have the authority to deal with budget issues
A finance manager is responsible for everyone in the finance department. They are also responsible for creating budgets for the organization.
R Research and analysis A Audiences B Budgets O Objectives S Strategy T Tactics I Implementation C Control
The finance officer reports major financial events to the CEO. They are also responsible for ensuring that departments budgets are aligned with the strategic objectives of the organization.
Basically... * as a starting point for all other budgets * to set objectives for sales * allocate resources and finance * based on assumptions about the maket
Control mechanisms are things managers establish to ensure that their operations don't stray too far from their business objectives. For instance, budgets are considered a control mechanism.
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Yes, all budgets depend on sales budgets because budgets can't exceed the amount of available money. When sales are poor, the budgets will be smaller.