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Management accounting and control (s-12 -5-8)) - Coursework Example
Finance & Accounting
Pages 15 (3765 words)
Management accounting and control [Institution Name] Introduction Organisations usually comprises on different decisions, in fact the entire productivity and efficacy of an entity relies with the fact that how effectively is manages its operations and funds…
Organisations have to undertake number of decisions in order to stay in the business and among different decisions; the name of financial decision is one of them, in fact the most ones as well. Financial competitiveness is the thing on which the entire productivity of an entity depends upon. There are number of decisions that come under the ambit of financial management and managing the things accordingly is important for the companies. Decision making is one of the most important provisions for the entity as a whole and there are certain methods that could be used for the decision making purpose. The main perspective of this assignment is to give answers relating to different things in total. There are four different questions which needs to be answer here and all the questions are different in nature and in concepts as well. The concept of the same lies in decision making, centralization and some of the management accounting as well. Let’s start the questions each one by one. Ans-5 Budgeting is considered as the non-beneficial activities holding under the boundaries of an organisation. Budget set down the process to allocate the funds and manage all the resources that will be used potentially (WELSCH, Glenn A., 1976, pp.82). ...
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