ERAU Use of The Budget Planning Mechanism in Construction Companies Discussion

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pebff34

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Embry Riddle Aeronautical University

Description

Hello,

Here are the instructions for this discussion:

Read the following scenario and then thoughtfully discuss the question.

You are currently working as a contractor building state of the art airports. One of the managerial accountants of the company you work for comes to talk to you about the budget for a project on which you have taken the lead. He wants to know your estimate for the cost of the project. You know that your future with the company depends on your performance in relation to this budget. Your best guess for this project is that it will cost $2,000,000.

Discuss

  • What do you say to your boss and why?

There should be 1 or 2 references for the discussion.

Thanks

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Explanation & Answer

Attached.

Running head: BUDGET DISCUSSION

1

Budget Discussion
Name
Institution

BUDGET DISCUSSION

2

Budget Discussion
As a lead contractor, I am indebted to provide correct budget estimates to my employer
for the forthcoming projects. When approached by my employer, I would need to stress the need
to comprehensively plan for the budget. I would ask my employer to consider giving me
additional time to prepare a cost-effective...


Anonymous
Really helpful material, saved me a great deal of time.

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