Chapter 6 Week 1 Day 1 Spring 2010 Revised

Chapter 6 Week 1 - Chapter 6 Week 1 Day 1(Mar 1st Planning the Balanced Scorecard and Budgeting 6-1 Learning Objectives Describe the purposes

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Chapter 6 Week 1 Day 1 (Mar. 1 st ) Planning, the Balanced Scorecard and Budgeting 6-1
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6-2 Learning Objectives Describe the purposes, strategies, and approaches to budgeting Explain the process and prepare the resulting budgets and schedules for the: revenue process conversion process expenditure process
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6-3 Budgeting is the process of expressing a company’s goals and objectives in quantitative terms. Budgeting is a crucial part of the planning process.
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6-4 What are the Benefits of Budgeting? Planning Communication and coordination Resource allocation Evaluation and control
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6-5 What are the Costs of Budgeting? Time and resource requirements Adaptability Motivation and behavior Budgetary slack: the difference between what a person with input chooses and what is actually realistic
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What is the Difference between Mandated and Participatory Budgeting? Mandated
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This note was uploaded on 04/18/2010 for the course ACCT 12995 taught by Professor Krisj.clark during the Spring '10 term at Georgia State University, Atlanta.

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Chapter 6 Week 1 - Chapter 6 Week 1 Day 1(Mar 1st Planning the Balanced Scorecard and Budgeting 6-1 Learning Objectives Describe the purposes

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