Budgeting is technical and political. In what sense is the preparation of the annual executive budget a

Fantastic news! We've Found the answer you've been seeking!

Question:

Budgeting is technical and political. In what sense is the preparation of the annual executive budget a technical task? How and why is the process of preparing and approving the executive budget highly political?

Related Book For answer-question

Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

See More Books

Posted Date: Feb 16, 2024 12:54 PM

See More Questions

Public entities are required to report on a quarterly basis to their Executive Authority. Treasury Regulations 5.3.1, 29.3.1 and 30.2.1 require the accounting officer of an institution and accounting...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
What are some techniques of good writers? Which ones do you use regularly?
Analyze the following comment: "Cost cutting has become the holy grail of corporate management; but what helps the financial statements up-front, in the short run, can end up hurting the business as...
Planning and control decisions. Conner Company makes and sells brooms and mops. It takes the following actions, not necessarily in the order given below. For each action (ae below,) state whether it...
Derive the general solution for $\psi$ given in the text (Eq. (15.9)). 0 (r,n) = A++ Bnr "+1 + Cnr -" + Dnr"1Qn(n) 2-n (15.9) n=1
Write the structure of the major organic product formed in the reaction of 1-pentene with each of the following: (a) Hydrogen chloride (b) Hydrogen bromide (c) Hydrogen bromide in the presence of...
As we delve into the realms of quantum computing and computational neuroscience, what profound implications do you foresee for the future of cognitive augmentation and human-machine symbiosis, and...
Gold Mine Limited, has $4,800,000 in assets and has approached their bank for additional financing. The breakdown of the company's assets is as follows: Temporary current assets $1,600,000 Permanent...
An in-place machine with B = $180,000 was depreciated by using Modified Accelerated Cost Recovery System (MACRS) over a 3-year period. The machine was sold for $60,000 at the end of year 2 when the...
You buy a stock for $45 per share and sell it for $50 after holding it for slightly over a year and collecting a $5.3 per share dividend. If dividend income is taxed at a 25% rate and capital gains...
Describe how to encourage collaboration resulting in the empowerment of your team. o Include specific examples of approaches you will take to encourage collaboration.
Minimize the following Boolean function by using k - map a ) ) F ( ( A , , B , , C ) = \ ) = \ Sigma m ( 0 , 1 , 6 , 7 ) + \ ( 0 , 1 , 6 , 7 ) + \ Sigma d ( 3 , 4 , 5 ) ( 3 , 4 , 5 ) b ) ) F ( (...
Joe is a self - employment mechanic. His net earnings from self - employment for 2 0 2 0 2 0 2 0 are $ 1 0 0 , 0 0 0 . 1 0 0 , 0 0 0 . How much is Joe's medicare tax?
Explain the meaningful learning of Mathematics according to the network theory. Use an example from the senior phase Mathematics curriculum to practically illustrate meaningful learning.
Heineken N.V., a global brewer based in the Netherlands, reports the following balance sheet accounts for the year ended December 31, 2016 (euros in millions). Prepare the balance sheet for this...
A consulting firm has two departments, Corporate and Government. Computer support is common to both departments. The cost of computer support is $6 million. The following information is given:...
Refer to the data in Exercise 8-29. Compute the cost of goods transferred out and the cost of ending inventory using the FIFO method. Is the ending inventory higher or lower under the...
Suwon Pharmaceuticals invests heavily in research and development (R&D), although it must currently treat its R&D expenditures as expenses for financial accounting purposes. To encourage investment...
Classify these Bluetooth layers using the OSI model: a. baseband; b. L2CAP; c. RFCOMM.
Use the power state machine of Fig. 8.12 to determine the energy used in these use cases: a. idle 1 s; receive 10 ms; idle 0.1 s; transmit 5 s; b. sleep 1 min; receive 50 ms; idle 0.1 s; receive 100...
What are the main phases of a design review?

Budgeting is technical and political. In what sense is the preparation of the annual executive budget a

Question:

Expert Answer:

The preparation of the annual executive budget involves both technical and political aspects 1 Technical Aspects Financial Analysis and Forecasting Bu... View the full answer

Fundamentals of Cost Accounting

Students also viewed these general management questions