Budgeting intended for Managers Article
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.
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