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What are the general benefits of preparing the budget? Discuss
- What are the general benefits of preparing the budget?
- Discuss how the budget is likely to be used for the control function.
- Variance analysis is a traditional tool used for planning and control. Comment on advantages and disadvantages of using this approach for performance evaluations.
- Do you have any suggestions for complementary or alternative performance measures?
1.What are the general benefits of
preparing the budget?
Budgeting forces managers to do better
forecasting. Managers should be constantly scanning the
business environment to spot changes that...
This question was answered on: Feb 21, 2020
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