Assignment 1: Discussion—Forecasting and Budgeting

Sep 8th, 2015
Steve1995
Category:
Accounting
Price: $10 USD

Question description

  • Which forecasting techniques are available for budgeting purposes? Would you consider using more than one technique? Why or why not? What techniques would you recommend for forecasting Compnet's budget? Why?
  • How do you get accurate and timely information from different departments so that you can accurately forecast the budget?
  • When is it appropriate to adjust the budget once it has been set? Support your response using examples. What specific adjustments were relevant to Compnet during the past three years? Why?
  • Other than financial data, what economic and external variables will you incorporate in making decisions while creating the budget? Why?
  • If the budget is to be considered a control, what should be done to make management accountable for budget variances?
300 words APA STYLE

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UCLA
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
pmallory
Dec 11th, 2016
" Totally impressed with results!! :-) "
mixedballz
Dec 2nd, 2016
" excellent work as always thanks for the help "
Five Star Tutor
Nov 26th, 2016
" Outstanding Job!!!! "
kiln82
Nov 18th, 2016
" awesome work thanks "
darnay
Nov 9th, 2016
" The best tutor out there!!!! "
likeplum4
Nov 5th, 2016
" Excellent work as usual "
kpcutie
Oct 13th, 2016
" Excellent job "
Joemoe
Oct 4th, 2016
" <3 it, thanks for saving me time. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors