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How does an operating budget work to discipline a firm's management? What are the elements of a budget? How are budgets constructed? What is Variance
How does an operating budget work to discipline a firm's management?
- What are the elements of a budget?
- How are budgets constructed?
- What is "Variance Analysis" and how is it used?
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Step: 1
1 How an Operating Budget Disciplines Firms Management An operating budget serves as a tool to discipline a firms management by establishing financial targets and performance expectations Heres how it ...
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
