Question: 3. Discuss why key performance indicators are used in budgeting and forecasting and provide three examples of financial key performance indicators. 4. Discuss why milestones

3. Discuss why key performance indicators are used in budgeting and forecasting and provide three examples of financial key performance indicators. 4. Discuss why milestones are used in budgeting and forecasting. 5. Discuss ethical considerations for budgetary forecasting and projections taking into account the strength of budget assumptions and forecast reliabilities. 6. Describe at least two types of information and data that a company can use for budgeting and forecasting. Ensure that your answer also includes the source of the information and data. 7. Outline the information you may use to forecast sales, and the different information you would need to forecast production

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Questions Provide answers to all the questions below: 1 . Outline the main steps in the budgeting process for a project. 2 . Discuss why key performance indicators are used in budgeting and provide...

Explain appropriate budgeting processes, tools and techniques. Address the following questions: 1. What are the key purpose and objectives of budgeting in project management? 2. List the main steps...

Discuss why key performance indicators are used in budgeting. Then, provide three examples of financial key performance indicators that can be used to determine the effectiveness of a budget

Discuss why key performance indicators are used in budgeting. Then, provide three examples of financial key performance indicators that can be used to determine the effectiveness of a budget.

Explain why key performance indicators are used in budgeting and provide three examples of financial key performance indicators that can be used to determine the effectiveness of a budget.

planning is one hour. Material handling is done manually, and the entire kit fits into a small plastic container. Upon completion of a kit, there is a 100% inspection of the parts, and parts may be...

This assessment task builds on Assessment Item 2 (Strategy, Product Mix & Tactical Decisions) and continues your skills development in the application of strategic and sustainable management...

COURSE: Measuring Procurement Performance (a) Explain any five (5) reason why of the procurement department of a company must embark on vendor rating ? (10 marks) (b) Discuss five (5) core skills a...

You have been asked to review the performance against budget of the organisation you work for and make the necessary recommendations based on the current performance for the upcoming 12 month period...

Question 1 (25%) Identify critical success factors in Realica Properties ASA's strategy from 2022-2026 and place them in the correct strategic perspectives used in a Balanced Scorecard model....

Dr. Chong, a citizen of Singapore, traveled to Singapore from the United States recently and is quarantined in a 4-star hotel at government expense. The hotel charges SGD 300 per night (with...

What convincing evidence can you offer that you are prepared for the scholarship necessary to complete doctoral coursework and a dissertation?

From an internal control standpoint, the asset most likely to be stolen is _ _ _ _ _ _ _ vehicles computer equipment cash staplers

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...