annual budget process
Not what you're looking for?
Discuss the advantages and pitfalls related to the annual budget process.
Purchase this Solution
Solution Summary
The expert discusses the advantages and pitfalls related to the annual budget process.
Solution Preview
The major advantages of annual budget include:
Provides benchmark for measuring actual performance of the organization. Annual budgets act as a control mechanism or standard against which actual performance is measured. It allows organization to plan efficient use of resources in advance and deploy limited resources in the most efficient manner. It Causes ...
Education
- BComm, University of Delhi
- Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
- "Thanks"
- "Thanks"
- "Very good! "
- "thanks"
- "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Introduction to Finance
This quiz test introductory finance topics.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce