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by interviewing the functional managers

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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.


How do firms assure managers act in best interest of stockholders?

Firms align managers' interests with those of stockholders through various mechanisms, such as performance-based compensation, which includes bonuses and stock options tied to the company's financial performance. Additionally, corporate governance practices, such as the establishment of independent boards and regular performance evaluations, help ensure accountability. Furthermore, transparency in reporting and shareholder engagement can also encourage managers to prioritize stockholder interests. These strategies collectively foster a culture of responsibility and alignment within the organization.


Can stockholders monitor managers?

Yes, stockholders can monitor managers through various mechanisms, including regular financial reporting, annual meetings, and performance metrics. They can also influence management by voting on key issues, such as board elections and executive compensation. Additionally, institutional investors often engage in active stewardship, advocating for practices that align with shareholder interests. However, the effectiveness of these monitoring efforts can vary based on the level of shareholder engagement and the structure of the company.

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


How do managers plan various activities in their organizations?

manager's planning in organisation


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

various department


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


Various types of accounting packages along with their functions?

discuss brifly various types of accounting packages along with their functions


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.


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.


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.


Definition of financial management by different author?

inancial management is the management of financial functions. Financial functions include begaimana obtain funds (raising of funds) and how to use these funds (allocation of funds). Financial managers are concerned with the determination of total assets worth of investments in various assets and choose the sources of funds to finance the asset. To obtain funds, financial managers can obtain it from within and outside the company. Sources from outside the company come from the capital market, may take the form of debt or equity capital.