Log in
Finance
1
answer
3
watching
946
views

What environmental issues may impact the strategic budget?
When is zero-based budgeting appropriate?
What are the disadvantages of top down budgeting?
Explain the difference between a cost and expense?
Why are cash budgets necessary?

Watch
1
answer
3
watching
946
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Keith Leannon
Keith LeannonLv2
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related questions

1. What are the key differences between a strategic and operational plan? Explain.

2. What is the statistics budget and how does it influence other budgets?

3. What demographic factors impact volume and future revenues?

4. What is variance analysis and why is it important to the budget process in a healthcare organization?

5. Compare and contrast zero-based versus incremental budgeting?

Why is capital budgeting such an important process?

Why are capital budgeting errors so costly?

What's the difference between NPV, PI, and IRR methods. What are the advantages and disadvantages of using each of these methods?

Why is there a focus on cash flows rather than accounting profits in making capital-budgeting decisions?

Why such an interest in incremental cash flows rather than total cash flows?

(Accounting for Managers)

Zero-based budgeting requires managers to build budgets from the ground up each year. Participatory budgeting is a budgeting process that starts with departmental managers and flows through middle management and up to top management. Each new level of management has responsibility for reviewing and negotiating any changes in the proposed budget. You must understand this process and the different types of budgeting available in order to participate in this week’s discussion. Please respond to all of the following prompts in the class discussion section of your online course:

a.)Describe how you personally have participated in a budget development process. This can be personal or business. How did you make decisions regarding setting the budget?

b.)Explain some examples of the behavioral implications of budgeting.

c.)In your experience, what are some advantages of budgeting?

Please respond with original source not used before(not copied and pasted, as word document not attachment, thank you. answer indepth to the questions.

Weekly leaderboard

Home
Homework Help 3,900,000
Finance 370,000
Start filling in the gaps now
Log in