What is Annual Operation Planning (AOP) ? How is it different …
2013年11月7日 · Once the financial objectives have been set, it is possible to prepare and agree a budget. A budget should relate the overall plan in figures. It is differenct from a forecast in …
What is the difference between the authoritative and participate …
2013年6月20日 · managers prepare their own budget estimates is called self imposed budgeting or participatory budgeting. This is generally considered to be the most effective method of …
In the world of Project Management, what is the difference …
2014年6月25日 · Budget may 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 …
What is the sequence in which the different budgets are prepared?
2015年2月12日 · 1. Preparation Of Functional Budget: a) Sales Budget. b) Production Budget. c) Direct Material Budget: Direct Material Uses Budget, Direct Material Purchase Budget. d) …
If I booked accrual expenses more or less than the actual one, how …
2015年4月9日 · At first accrual expenses will be debited. If actual actual expenses less then accrual expenses, retained earning/actual expenses will be credited & equal amount of accrual …
What is the major difference between Standard and Budgeted Cost?
A budget usually refers to a department's or a company's projected revenues, costs, or expenses. A standard usually refers to a projected amount per unit of product, per unit of input (such as …
Financial managers use the _ to plan for monthly financing needs?
2016年2月8日 · It will be CASH BUDGET. Cash is a very essential tool in every business and hence finance manager has to make arrangements accordingly as such that the firm does not …
When the accounting manager communicates to the purchasing …
2015年4月25日 · this is an example of: a. upward communication. b. horizontal communication. c. downward communication. ...
You are the project manager for a railroad construction project.
2014年10月7日 · We can not predict the exact money that needs to be spend on the project due to a lot of unforeseeable circumstances which can deviate the remaining reserved budget. Any …
How to account if invoice month is different from the month …
This situation takes two accounting concepts into account, which are matching and accrual concepts. When a company receives an invoice before the expense is incurred, the expense is …