The Megatron is an electronic company, which has been operated since 2002. Steven, the CEO of the
Question:
The Megatron is an electronic company, which has been operated since 2002. Steven, the CEO of the Megatron, asked Awi as head of the IT department to compile a systematization of the company so that it can accommodate large amounts of data in the database of the company, because in the current era of industrial revolution 4.0, the presence of Big Data is both a challenge and a threat to the company. Awi plans to invest in the use of advanced technology that can improve data security and guarantee against data theft. So, Awi contacted Wilson as Head of the Finance Department to discuss budgets and costs that could be used effectively to implement the technology sustainably. After Wilson presents the available budget calculation and estimates the required spending according to the company's needs through forecasts for the next 5 years, Awi sees that Megatron's financial rate outlook has increased dramatically because it is capable to meet the needs of the company. and the market through the implementation of modern technology. After that, Awi with the IT team immediately discussed the required design and the party was contacted for support to meet the operating needs of the Megatron system. Please make the necessary strategic plans based on the Planning Cycle.
Follow the steps in preparing a budget (based on the top-down/bottom-up method) to match the long-term performance applied by the company. How long do you think it will take you to make the budget plan? Explain in detail with the supporting factors as an element that is focused on improving the quality of the strategies formulated. Then write down and explain the risks that can occur along with prevention.
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan