Essay by Bereketeab Yacob Yohannes Budget and budgetary control has being dealt with in different ways in literature‚ but basically there has being critics on traditional budgetary control as new issues raised with current more unpredictable global internationalized world markets. Virtually conventional budgeting has roughly some categories of criticism‚ one being that budgets by the time they are used their assumption are out-dated especially in rapidly changing environments‚ the second recurrent
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· What is a flexible budget? A flexible budget is a budget that is a function of one or more levels of activities. The flexible budget is more intricate and useful than a normal budget‚ which remains at one amount regardless of the volume of the activities. · What are the steps to developing a flexible budget? The steps taken to develop a flexible budget are as follow: • Identify the activity index and the relevant range of activity. • Identify the variable costs
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What is learning style:- The various preferences and methods employed by learners in the process of learning. Every individual have different style and techniques of learning. Some people may find that they have a dominant style of learning‚ with far less use of the other styles. Others may find that they use different styles in different circumstances. There is no right mix. Nor are your styles fixed. You can develop ability in less dominant styles‚ as well as further develop styles that you
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Capital Budgeting Introduction Capital budgeting decisions are the most important investment decisions made by management. The objective of these decisions is to select investments in real assets that will increase the value of the firm. (Kidwell and Parrino‚ 2009) Project Classification Types * Replacement projects are expenditures necessary to replace worn-out or damaged equipment. * Cost reduction projects include expenditures to replace serviceable but obsolete plant and equipment
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return and cost of investment. Except our main objective there are some co-objectives those are‚ * Mitigation of Risk To construct efficient and well diversified portfolio three persons are joined together through that we can manage and bear risk among us. On the other hand single marital status‚ young age and relax feeling of family responsibilities rub up the high tolerance level for risk. * Maintain an appropriate degree of portfolio diversification We will maintain efficient diversification
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Management and Budget and Congressional Budget Office The Office of Management and Budget and the Congressional Budget Office play a huge role in the U.S Government. The Office of Management and Budget is a part of the Executive branch whereas the Congressional Budget Office falls into the legislative branch. These two agencies have different responsibilities and powers‚ which are used to help our country run smoothly in the financial aspect. The OMB was created in 1921 through the Budget and Accounting
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“Kalangathu Kanda Vinaikkan Thulangkathu Thookkang Kadinthu Seyal” (What clearly eye discerns as right‚ with steadfast will And mind unslumbering‚ that should man fulfil) - Saint Tiruvalluvar Key Features of Budget 2013-2014 THE ECONOMY AND THE CHALLENGES Getting back to potential growth rate of 8 percent is the challenge facing the country. Slowdown in Indian economy has to be seen in the context of slowing global economic growth from 3.9 per cent in 2011 to 3.2 per cent in 2012. However‚
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Toxicologic Pathology http://tpx.sagepub.com Safety Evaluation of Ocular Drug Delivery Formulations: Techniques and Practical Considerations Brian G. Short Toxicol Pathol 2008; 36; 49 DOI: 10.1177/0192623307310955 The online version of this article can be found at: http://tpx.sagepub.com/cgi/content/abstract/36/1/49 Published by: http://www.sagepublications.com On behalf of: Society of Toxicologic Pathology Additional services and information for Toxicologic Pathology can be found
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Organisational culture differentiates organisations from others. Often described as “the way we do things” Identify and explain Charles Handys 4 different cultures Power culture is a dominant culture where a small group or individual determines the culture. It’s like a web with a ruling spider and power and influence are spread out from the central figure or group. A role culture is where organisations are controlled by procedures and role descriptions. This type of culture is where everyone does
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"The budget process is one aspect of personal financial planning‚ a tool to make better financial decisions." (Siegel‚ R.‚ & Yacht‚ C. (2009)) There are‚ like there is to everything in life‚ other financial tools that can help. Such as financial statements‚ risk assessors‚ time value of money‚ micro & macroeconomic
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