INTRODUCTION “Not only had India….set up his own machinery for oil exploration and exploitation….an efficient oil commission had been build where a large number of bright young men and women had been trained and they were doing good work.” -Pandit Janwarlal Nehru to Lord Mountbatten‚ on ONGC (1959) ONGC Group of Companies comprising of ONGC Limited‚ and its subsidiaries ONGC Videsh Limited (OVL)‚ ONGC Nile Ganga BV (ONGBV) and Mangalore Refinery and Petrochemicals Limited (MRPL) organize
Premium Petroleum
Accounting for Managers 3. BUDGETING When you have completed this section‚ you should be able to: • Explain the benefits of budgeting • Describe a budgeting process • Explain the difference fixed and flexible budget • Prepare a simple flexible budget from a fixed budget • Compute variances from budget and actual data • Prepare a cash budget • Explain the setbacks of traditional budgeting • Explain the problems of budgetary slack • Explain the impact of globalization to the budgeting process
Free Budget Budgets Cash flow
Computerized Budgeting MGMT 360 Budgeting has been a major part of forecasting how companies spend their money throughout the fiscal year. In most companies‚ the words “it’s budget time”‚ strike fear in the hearts of employees. Financial officers and management accountants brace themselves for reconciling reams of spreadsheets that may reveal wildly different data depending on order and configuration. Non finance employees in various divisions scurry to understand their role in the budgeting process
Premium Budget Budgets Accountancy
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
Premium Net present value
type of company it is‚ the ability to measure performance using budgets is an important process in any business organisation. Planning helps to understand where business is at present and where it is going to be in the future. Company’s planning process has to involve different developing objectives and prepare various budgets to achieve these objectives. There are four main stages in the business planning process‚ such as clarifying the strategy‚ marketing‚ drawing up an operational plan setting‚ and
Premium Management Planning Future
statement: “Budgeting is a key component in management short and long term planning.” Introduction In a company‚ budgeting and operational activities link together‚ and budgeting plays an important role in a company’s running. At the end of the year‚ senior director will start to plan the budget for the next year. A successful business must be having a detailed budget. In this article‚ we are going to talk about what is budgeting and how is it important. What is budgeting Budget is an
Premium Budgets Term Finance
PMRF Republic of the Philippines PHILIPPINE HEALTH INSURANCE CORPORATION PHILHEALTH MEMBER REGISTRATION FORM Citystate Centre Building‚ 709 Shaw Boulevard‚ Pasig City Healthline 441-7444 www.philhealth.gov.ph (October 2013) PhilHealth Identification Number (PIN) IMPORTANT REMINDERS: 1. Your PhilHealth Identification Number (PIN) is your unique and permanent number. 2. The issuance of the PIN does not automatically qualify you or your dependents to be entitled to NHIP benefits. 3. Always use
Premium Informal sector Pension Marriage
Springfield Nor’easters Group 9 Larry Buckingham‚ Marketing director for Nor’easters‚ a new Class A minor league baseball team in Springfield‚ Massachusetts had been to come up with the pricing strategy for tickets. Challenge for him is to achieve break even on the first year‚ also by handling the marketing strategies for the team‚ and all above the following. 1. Springfield is more economical‚ they are concerned about their spending. 2. Ticket revenue should be from mix of season tickets‚ group
Free Major League Baseball Baseball Minor league baseball
home. Though‚ the small town I knew growing up was Springfield‚ Virginia. I would like to tell you and share some of my memories about growing up in Northern Virginia and of its changes that have occurred over the decades. Growing up Springfield really was small town USA. The normal commuter was traveling south onto interstate 95 from Washington‚ D.C. which is now is exit 169A and a permanent memory etched in my brain. Throughout the 1970’s there was only three very small strip shopping malls
Premium English-language films City Town
Savings versus Budgeting Name: Ashdane Beckford School: Glenmuir High‚ 10 Glenmuir Road‚ May pen P.O Clarendon. School number: 986-2372 986-2538 986-6355 Students number: (1876)431-5521 I Ashdane Beckford DO NOT have a family member employed at the FSC or Junior Achievement Jamaica. When I was first assigned this project which is in the form of an essay‚ I thought about two things before
Premium Investment Money Corporate finance