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RESEARCH PAPERS - FINANCIAL ACCOUNTING Topic must be related to accounting - Master Budgeting 5 - Page minimum (not including title or reference page) with
RESEARCH PAPERS - FINANCIAL ACCOUNTING
- Topic must be related to accounting - Master Budgeting
- 5 - Page minimum (not including title or reference page) with at least two refereed journal articles as resources (submit copies of references)
- Papers must be submitted in American Psychological Association (APA) style: APA Resource Website
Guideline of ideas to have within the paper.
- What is budget?
- What is budgetary control?
- Discuss some of the benefits to be gained from budgeting
- What is meant by the term responsibility accounting?
- What is a master budget? Briefly describe its contents.
- Why is the sales forecast the starting point in budgeting?
- As a practical matter, planning and control mean exactly the same thing. Do you agree? Please explain.
- Why is it a good idea to create a Budgeting Assumptions tab when creating a master budget in Microsoft Excel?
- What is self-imposed budget? What are the major advantages of self-imposed budgets? What caution must be exercised in their use?
- How can budgeting assist a company in planning its workforce staffing levels?
- The principal purpose of the cash budget is to see how much cash the company will have in the bank at the end of the year. Do you agree? Please explain.
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