Budget Issues
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(Difference between revisions)
(Created page with "* Mst companies do variance analysis Most companues to it * For cost control * Budgetary comparison * Costs for DM puposes Beware of non-operating variancs that may have an aff...") |
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| − | * | + | * Most companies do variance analysis |
| − | Most | + | Most companies to it |
* For cost control | * For cost control | ||
* Budgetary comparison | * Budgetary comparison | ||
| − | * Costs for | + | * Costs for Decision Making purposes |
| − | Beware of non-operating | + | Beware of non-operating variances that may have an affect on profits |
Significant favorable variances should be investigated as well | Significant favorable variances should be investigated as well | ||
| Line 12: | Line 12: | ||
| − | Effective budgetary control | + | ==Effective budgetary control== |
| − | Short reporting periods - so things | + | *Short reporting periods - so things do not get out of control |
| − | Make budgets reasonable | + | *Make budgets reasonable |
| − | Get accurate fat collection | + | *Get accurate fat collection |
| − | Produce for managers with clear demarcation | + | *Produce for managers with clear demarcation |
| − | + | *Behavioral aspects of budgetary control | |
[[Category:Finance]] | [[Category:Finance]] | ||
Latest revision as of 09:46, 18 March 2011
- Most companies do variance analysis
Most companies to it
- For cost control
- Budgetary comparison
- Costs for Decision Making purposes
Beware of non-operating variances that may have an affect on profits
Significant favorable variances should be investigated as well Be aware of compensating variances
[edit] Effective budgetary control
- Short reporting periods - so things do not get out of control
- Make budgets reasonable
- Get accurate fat collection
- Produce for managers with clear demarcation
- Behavioral aspects of budgetary control
