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Essay

budgeting within the business organization

Essay specific features

 

Issue:

Business

 

Written by:

Blanche D

 

Date added:

August 4, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

10 / 2758

 

Was viewed:

1938 times

 

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Essay content:

Although the budgeting process is an important element of success, very little is known about the methods which multinational firms employ to ensure that the subsidiaries present a realistic and reasonable projection of future events. Although there is extensive information about budgeting in the management accounting literature, there is very little information about the specific techniques employed by the managers of multinational firms to develop and formulate budgets...
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It involves five aspects: ? Planning ? occurs when the company determines the priorities and objectives. Within this stage of budgeting a company needs to decide the direction to use the company's resources that will produce optimal success for the future. Planning is also when a company can evaluate and identify any issues from prior budgets and moreover establish future plans for development within the company to grow...
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