No matter what basis is used to prepare a units budgetary performance report, the method used to
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No matter what basis is used to prepare a unit’s budgetary performance report, the method used to calculate the budget is crucial. The easiest approach is to establish fixed targets for each unit, store these figures in the database, and compare actual performance with these preset values. What are the drawbacks of this approach?
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While establishing fixed targets for each unit and comparing actual performance with these preset values might seem like a straightforward approach to budgetary performance reporting it comes with sev...View the full answer
Answered By
Deepankur Keserwani
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Related Book For 
Accounting Information Systems
ISBN: 9781292353364
15th Global Edition
Authors: Marshall B. Romney, Paul J. Steinbart
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