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Myrtis Lang

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3y ago

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Why budget is prepared?

Budget helps to aid the planning of actual operations by forcing managers to consider how the conditions might change and what steps should be taken now and by encouraging managers to consider problems before they arise. It also helps co-ordinate the activities of the organization by compelling managers to examine relationships between their own operation and those of other departments. Other essentials of budget include:To control resourcesTo communicate plans to various responsibility center managers.To motivate managers to strive to achieve budget goals.To evaluate the performance of managersTo provide visibility into the company's performance


How is coordination of financial management functions with the various federal agencies effected?

Pursuant to the Chief Financial Officers Act of 1990, a deputy director for management was established within the OMB to coordinate financial management functions with the various federal agencies


What are the disadvantages of cobol?

Cobol is a very tedious and length code. This code is limited in its ability to preform various mathematical functions.


What are the main functions of a finance department?

To handle the financial affairs of the companyThe Ministry of Finance is responsible for the financial functions and activities of the Board and management of financial policy of the Office.the various function done by finance department is:-Budget preparationBudget administrationCost allocationAccounts payablePayrollFringe benefitsGrants administrationMonitoring service providersTechnical assistance to service providersContract administrationBilling


How an accounting system use in bank?

An accounting system is used in bank for various purposes. The system will help in basic bookkeeping of the bank's accounts and reconcile all transactions among other accounting functions.

Related Questions

How would you examine if there was any merit in the remarks of the various functional managers?

To examine the merit of the remarks from various functional managers, I would first categorize their feedback to identify common themes or concerns. Next, I would gather quantitative and qualitative data to support or refute their claims, such as performance metrics, employee surveys, or market analysis. Engaging in follow-up discussions with the managers to clarify their perspectives and incorporating insights from other stakeholders would also be crucial. Finally, I would analyze the findings to determine if the remarks align with organizational goals and can lead to actionable improvements.


What do officers of the ship do?

They are responsible for the ship and its operations. They are the leaders and managers of the various departments. The captain is responsible for everything on the ship and delegates to his officers. They direct and manage the rest of the crew in the performance of the necessary functions.


What action should be taken by various functional managers to meet the scheduled dates?

action should be taken by various functional managers to meet the scheduled dates


What are the various department of an Organization and its Functions?

various department


How do managers plan various activities in their organizations?

manager's planning in organisation


Various types of accounting packages along with their functions?

discuss brifly various types of accounting packages along with their functions


Why budget is prepared?

Budget helps to aid the planning of actual operations by forcing managers to consider how the conditions might change and what steps should be taken now and by encouraging managers to consider problems before they arise. It also helps co-ordinate the activities of the organization by compelling managers to examine relationships between their own operation and those of other departments. Other essentials of budget include:To control resourcesTo communicate plans to various responsibility center managers.To motivate managers to strive to achieve budget goals.To evaluate the performance of managersTo provide visibility into the company's performance


Types of functions?

there are various types of functions namely composite,polynomials, power,root


When do we use trig functions?

Trigonometry functions are used to work out the various properties of triangles.


What are the Various tasks of a professional manager?

Managers supervise their employees. They are also responsible for creating reports for top management. Managers also interview and hire other employees.


Where can one find information on safety managers?

One can find information on safety managers on various websites like Indeed and RoSPA. Both websites offer a great amount of information about all kinds of things including safety managers.


What are the various video performed by managers?

Hi, Are you doing MBA in Anna university 1 sem ?