Budgets fulfill a number of roles in the management of organizations. Identify the principal such roles and comment on the compatibility of these differing roles.
Title: Budgets fulfill a number of roles in the management of organizations. Identify the principal such roles and comment on the compatibility of these differing roles.
Category: /Business & Economy/Accounting
Details: Words: 1042 | Pages: 4 (approximately 235 words/page)
Budgets fulfill a number of roles in the management of organizations. Identify the principal such roles and comment on the compatibility of these differing roles.
Category: /Business & Economy/Accounting
Details: Words: 1042 | Pages: 4 (approximately 235 words/page)
Introduction
The main responsibility of manager is planning for the future by deciding what should be done and how it will be achieved. Budget is such a formalized system of planning, forecasting, monitoring and controlling the use of resources which help the managers to achieve organization's objectives both in public sector and private sector. Budgets fulfill a number of roles in the management of organizations and different roles may cause some conflicts. Here, we will …showed first 75 words of 1042 total…
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…showed last 75 words of 1042 total…planning variance" (Emmanuel, Otley and Merchant, 1990) and create health budget systems which properly use the limited resources and accurately plan for the future.
List of Reference
Blackwood, T., (1995), Accounting for business, Great Britain: Business Education Publishers Limited.
Emmanuel, C., Otley, D. and Merchant, K., (1990), Accounting for Management Control, 2nd edn, Great Britain: TJ Press (Padstaw) Ltd, Padstaw, Cornwall.
Glynn, J., Perrin, J. and Murphy, M., (1998), Accounting for Managers, 2nd edn, London: International Thomson Business Press.
