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budgeting within the business organization
Essay specific features
Written by:
Blanche D
Date added:
August 4, 2014
Level:
University
Grade:
A
No of pages / words:
10 / 2758
Was viewed:
1941 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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