Budgets for governmental units are usually prepared one year in advance of the budget period. Expenditures are

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Budgets for governmental units are usually prepared one year in advance of the budget period. Expenditures are limited to the budgeted amount. At the end of the period, performance is evaluated by comparing budget authoriza- tions with actual receipts and outlays. What management control problems are likely to arise from such a system?

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Cost Accounting

ISBN: 9780256069198

3rd Edition

Authors: Edward B. Deakin, Michael Maher

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