The Kalgan Driftwood Company has decided to that it needs to use the budgeting process
substantially to manage its activities. You are a graduate trainee who has just
started work in the accounting department of Kalgan. In your degree studies, you
completed a module called Managerial Finance and learned that budgets serve a number
of useful purposes including:
(i) Planning annual operations;
(ii) Coordinating the activities of the various parts of the organisation;
(iii) Communicating plans to the various responsibility centre managers;
(iv) Motivating managers to strive to achieve the organisational goals;
(v) Controlling activities;
(vi) Evaluating the performance of managers
You are asked to select four of these purposes and explain in a presentation to your
Kalgan work colleagues about how budgets achieve these aims. Write an essay that will
form the basis of your presentation.
Total of 1,000 words for this part = 60 marks
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