How to distinguish if the financial manager is effective or not?
Q: What is the most effective, Authoritative, or Participative Budgeting or combination of both?
A: Authoritative: Reasonable demands and a high level of attentiveness are features of authoritative…
Q: What should the management do if the actual performance of the company fell short of the plans as…
A: The managers are the most significant individuals who ensure successful running of the business. The…
Q: Explain in brief the concept of Iterative Budgeting?
A: Budget is the estimate for all the cost and expenses incurred. It helps in getting an idea of cost.
Q: Discuss why the numbers found on a balance sheet and an income statement may not be enough to…
A: Considering simply the income statement or the data of balance sheet falls to show us how the…
Q: Based on your reading of Commentary on Earnings Management by Schipper (1989) answer all the…
A: Earnings and income are considered synonyms with each other but they have different meanings.…
Q: . How is the budget implemented? 2. Who are the persons/ agency involved on the budget…
A: Budget can be defined as an estimation of expenses and revenue for a specific period of time. It is…
Q: How do I create a pro forma income statement with a revenue increase projection? Where do the…
A: Fundamentally, it is an extravagant word for "future" or "anticipated." Sometimes, in any case, it…
Q: What other positions can you think of that are related to financial management? Write 3 and explain…
A: ANSWER: It means planning, organizing, directing and controlling of the financial activities of an…
Q: Give the meaning and purpose of each of the following: a. income statement b. cash flow statement…
A: Financial Statement is the business report which describes the business performance and its…
Q: Hi, help me with providing essay questions for basic terms in income statement?
A: An income statement: It is a financial report that shows the company’s income and expenses. It also…
Q: What does it take to be an effective budget officer in a postsecondary institution
A: An effective budget officer used to provide leadership and coordination of the centralized financial…
Q: What are those financial strategies in management
A: A small quantity of products is a small lot. She remains to her small lots because her products are…
Q: 2.Explain why zero based budgeting might be a useful tool to employ to ensure that budgetary…
A: Zero-based budgeting introduced in the 1960s by retired Texas Instruments account supervisor Peter…
Q: what do you think is the biggest contribution of the chosen financial manager to the success of the…
A: Financial Management : Financial Management can be defined as a type of management which focuses on…
Q: Evaluate the culture of Accounting Student Associations by answering the following; How would you…
A: Accounting Student Association is an association for students that helps in exploring the accounting…
Q: What is the role of accountants in an office environment?
A: Accountants:Accountant is the person who is practicing accountancy. Accountancy is the method that…
Q: What is meant by a financial plan?
A: Setting a financial plan means keeping or making a budget for the marketing expenditures incurred by…
Q: What is the budget of jollibee food corporation?
A: Budget of a company is described as a vital part which essential for carrying out various business…
Q: What types of analysis can managers perform to help them diagnose a company’s financial condition?…
A: It is the elite responsibility of a manager to diagnose the company's financial condition as after…
Q: How can the Asset and Liability Management Committee can proactively manage the liquidity risk…
A: Asset and liability management is a method used by financial organizations to reduce financial risks…
Q: How the firm’s financial health can be obtained?
A: Investors always look for that one golden essential measurement obtained by looking at a company's…
Q: Describe at least three benefits that an organization can expect to realize from budgeting.…
A: Below are the three benefits an organization gains from budgeting:
Q: Discuss one benefit and one challenge a manager might face if using Flexible budgeting
A: Flexible budget is is a budget based on estimation, it can change as per requirements. If an…
Q: What is the role of a financial manager?
A: Finance can be explained as the provision of funds at a time when it is needed. Business finance is…
Q: What role do management accounting principles and practices play in assisting managers in solving…
A: Managers of the firm shoulder the challenging responsibility of managing the employees as well as…
Q: What is meant by Managerial accounting?
A: Accounting refers to a particular system to record and summarize various business, as well as…
Q: Write a note on Relationship between corporate governance and auditing
A: Corporate governance is the mixture of several processes, laws or rules in which business firms are…
Q: Can Budgeting can be used as an effective substitute for planning?
A: In general terms, planning is all about deciding in advance what needs to be done in order to…
Q: factors that affect financial management objectives
A: Financial Management is a management activity that is concerned with planning, organizing,…
Q: What is the role of the management accountant regarding nonfinancial performance measures such…
A: A management accountant is not focused on or limited to information as a traditional view of cost…
Q: Which database would you select for your budgeting? What are the factors you took into consideration…
A: Budgeting and forecasting can be done in various ways like using spreadsheets or database…
Q: Cash flow Statement Cash Flow Statement for the first Year
A: The Statement of Cash Flows (also known as the cash flow statement).
Q: (c) State, and critically evaluate the suitability of the factors that should be considered when…
A: HRM is worried about the assurance of sufficient and equitable remuneration of the representatives…
Q: Why is it important to consider an entrepreneur’s personal finances when conducting the firm's…
A: Personal finance is a broad concept that encompasses money management, as well as saving and…
Q: Which is better a management accountant or a financial accountant? explain
A: Accounting is basically a branch that deals with keeping records and then using those records to…
Q: What is financial management?
A: Financial management entails a variety of tasks. The financial activities are planned, organized,…
Q: what are the roles of financial manager?
A: Role of financial manager are as follows: These managers is the first person who is responsible…
Q: Why is estimating operation and implementation costs in budgeting important?
A: Budgeting - Budgeting is a method of making a plan for how you will spend your own money. A. Making…
Q: Why Budgeting Kills Your Company? Which is better,the old fashioned way of TOP DOWN budgeting, or…
A: The average billion-dollar corporation spends 25,000 person-days annually putting together its…
Q: Why would the owner-manager be interested in the debt/asset ratio? Equity/asset ratio? be sure to…
A: Financial ratios are important indicators of how well the business is doing. They provide a snapshot…
Q: Does the Barings Board of Directors should be held accountable for the losses? Critically analyse…
A: A Small Introduction to Performance Management Performance management is a framework intended to…
Q: What are the benefits derived from planning audits?
A: An audit is a "independent review of any entity's financial records, whether profit-oriented or not,…
Q: What is operating leverage? How is knowing the degree of operating leverage helpful to managers
A: Financial management involves the planning, coordination, management, and regulation of financial…
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- What is the right choice for the manager to make? Why did the ethical dilemma arise? Is there any way to redesign the accounting reporting system to discourage the type of behavior that the manager is contemplating?what do you think is the biggest contribution of the chosen financial manager to the success of the company? What do you think will make a valuable financial manager in the future?Describe at least three benefits that an organization can expect to realize from budgeting. (CMAAdapted)
- Do you think financial statements are essential to managers? Explain NOTE: No plagiarism from the internet, please! I need your own explanation for me to understand in a deeper explanation. Thank youWhat is the most effective, Authoritative, or Participative Budgeting or combination of both? WHy?1. In the studies we have seen Budgeting can be used as a control mechanism in Management. In your views, how can this used a a control mechanism. you may include examples to explain your answers. 2. Budgeting can be an important tool if implemented properly. Identify several positive results when budgets are used properly. Since budgets affect people, identify several negative aspects if budgets are not implemented properly. 3. Super Chicken operates a chain of takeaway chicken shops . The company is operating in a very competitive market , and it is difficult to gain and maintain market share . Management believes it is important to monitor competitors ' actions closely , and to continue to offer new products and special promotions to create high visibility among customers . The management team has recently reviewed its mission which is : - To be a caring and environmentally responsible company , providing fresh and nutritious meals at an affordable price . Required : Consider the…
- Budgeting and the importance of an organization's financial health are critical elements to consider as part of your role as a public health manager. Question briefly define financial management skills 1. strategic problem solving 2. budgeting and connecting to the broader concepts of management effectiveness or efficiencyKen Shilov, manager of the marketing department, tells you that "budgeting simply does not work." He says that he made budgets for his employees and when he reprimanded them for failing to accomplish budget goals, he got unfounded excuses. Suggest how Mr. Shilov could encourage employee cooperation.Based on the picture below, explain each briefly like you are teaching this to your students. strengths limitations role of management accountant
- 2. What fundamental ethical principles for accountants are most applicable and is there an apparent conflict between them?What is an operating budget and how is it used by food and beverage managers?How do food and beverage managers utilize operating budgets as part of the basic procedures necessary to develop a budget plan, and why is it important for them to regularly compare budget standards with actual operating results?