Budgeting intended for Managers Article

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Accounting for Managers a few. BUDGETING When you have completed this section,  you should be able to: •Explain the benefits of budgeting •Describe a budgeting process •Explain the difference fixed and flexible budget •Prepare a simple flexible budget from a fixed budget •Compute variances from budget and actual data •Prepare a cash budget •Explain the setbacks of traditional budgeting •Explain the problems of budgetary slack •Explain the impact of globalization to the budgeting process. These materials are copyright of WEC.  No part of this document is to be reproduced.  Copyright and permission clearance to be refined…...

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