Description
In the Week 5 resources are a list of available accounting journals in BSC. This is not a comprehensive list.
During Week 4 you examined budgeting and the process of preparing the master budget which leads to the preparation of pro-forma financial statements. For this discussion you are to use BSC and locate an academic journal article related to budgeting that you find interesting. In your opening post, you are to: prepare a synopsis of the article, discuss its main points, why you feel the article is relevant, and relate the article to your business and/or how the article relates to business practice given your level of experience.
Approximately 500 words (1-2 pages). The full APA reference for the journal article you select must be included in your original post.
Explanation & Answer
Hello buddy, here is the complete answer
Running head: Budgeting
Budgeting
Institutional Affiliation
Name
Date
BUDGETING
2
Budgeting
This is the allocation of monetary resources to different purposes and the intended
expenditures and ways that will be met; it is usually for a specified period of time. For a business
it may include the sales, assets, expenses and cash flows among other things. It is a very
important part of any business and must be carried out with a lot of care because it determines
financial success of the business.
According to Fisher, Frederickson and Peffer, negotiations have a very huge impact on
the budgeting process. They talk about how the norm through research in accounting has been
focused on the unilateral setting by subordinates and goal setting research focus...
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