MANAGEMENT ACCOUNTING 2 BAAB 2073 REPORT SECTION 2 . Lecturer : MR. ISZMI ISHAK The basic framework of budgeting E-Book Basic definations i. A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. 1. The act of preparing a budget is called budgeting. 2. The use of budgets to control an organization’s activities is known as budgetary control. Difference between
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control within organisations e.g. being adaptive even in the worst conditions. Zero based budgeting- Zero based budgeting is basically a technique of planing and decistion making which reverses the traditional way of budgeting‚ also it prevents budgets increasing every year due inflation. This way of budgeting benifits small firms which have an overall big budget. One of the disadvantages of zero based budeting is that it is time consuming e.g. if you are dealing with a client
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the organization. Budgets vary in different organizations by type and size. They are routine and an important part of any organization. While discussing budgets‚ there were two that proved to stand out that I want to explore; Line-Item Budgets and Zero-Base Budgeting. Companies use line-item budgets most because they are one of the most popular forms of budgets to use. Line-Item budgets use information based on the previous fiscal year or period. This format shows everything going out (spending)
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assignment. Part I: (1) Go to the Reserve Bank of Australia (RBA) website‚ find the statistic section‚ and then download the data file named “Zero-Coupon Interest Rates - Analytical Series -2009 to current”. (2) Plot the zero-coupon yield curve on October 1‚ 2009. (3) Based on the yield curve on October 1‚ 2009‚ calculate the expected rates on zero-coupon bonds with one-quarter maturity that are to be sold on the first day of the quarter that starts one‚ two‚ three and four quarters from
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Advanced What is zero-base budgeting and how does it differ from other more traditional forms of budgeting? Discuss the applicability of zero-base budgeting to profitorientated organizations. ACCA Level 2 Management Accounting Question IM 15.4 Advanced The chief executive of your organization has recently seen a reference to zero-base budgeting. He has asked for more details of the technique. You are required to prepare a report for him explaining: (a) what zero-base budgeting is and
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IM 15.1 Intermediate Outline: a) The objectives of budgetary planning and control system 1) To combine the ideas of all levels of management in the preparation of a budget. 2) To coordinate all the activities of the business so that each is part of an integral total. 3) To centralized control for example to control each function so that the best possible results may b obtained. 4) To decentralizes (delegate) responsibility to each manager involved. 5) To act
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coupons are reinvested at the same rate as the promised yield. As zero coupon bonds provide no coupons to be reinvested‚ the final value of the investor’s proceed from the bond is independent of the rate at which coupons could be reinvested. There is no reinvestment rate uncertainty with zeros. For default risk‚ the stated yield to maturity will be realized only if the firm meets the obligations of the bond issue. For a default-free zero coupon‚ there is no any default risk. Therefore‚ the stated yield
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GOVERNMENT BUDGETING Government budgeting is the critical exercise of allocating revenues and borrowed funds to attain the economic and social goals of the country. It also entails the management of government expenditures in such a way that will create the most economic impact from the production and delivery of goods and services while supporting a healthy fiscal position. GOVERNMENT BUDGET In general‚ a government budget is the financial plan of a government for a given period‚ usually
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How is oppression generalised in Al Saadawi´s Woman at Point Zero Firdaus´ story begins in a grimy Cairo prison cell‚ where she welcomes her death sentence after a life of pain and suffering. Born to a low-class Egyptian family in the countryside‚ she suffers from a childhood of cruelty and disregard. Her passion of education is ignored by her family (symbolized by the Secondary School Certificate)‚ and when she leaves school she is forced to marry a man much older than her‚ as it is tradition
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match SoBe South Beach Beverage‚ the owners of SoBe decided to sell to Pepsi‚ not Coke‚ because they saw Coke as uncreative. 3. Obesity and other health concerns may reduce demand for some of the products. Strength: 1. New Brand Introduction: Zero was Coke’s most successful brand launch in 20 years. 2. Respect to community projects: Coke spent $2 million in 2005 on the Global Water Challenge. Case Study: (Final Work) Coca-Cola Company is a leading distributor‚ manufacturer and marketer
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