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"Liabilities" Please respond to the following: Analyze the major pros and cons of preparing company budgets. Determine at least two (2) critical budget items that you believe are essential in managi
"Liabilities" Please respond to the following:
- Analyze the major pros and cons of preparing company budgets. Determine at least two (2) critical budget items that you believe are essential in managing a company. Provide a rationale for your response.
- Analyze the most common responsibility reporting systems. From your analysis, argue at least one (1) pro and one (1) con of using responsibility reporting systems.
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********* ****** ****** to *** ********** ** *** ******** and also ******** **** *** ******* expects **** a given ****** ** time ***** *** either ** *** **** * ***** or **** * **** depending ** *** ******** of the companyPreparation of ***** ******* usually has both advantages *** ************* and **** *** discussed *********** ******* ******* a financial road mapA ******* ****** ******* ******** guideline to the company ** *** ** **** from *** ***** ** ******* ** ********* *** ********* ***** ** *** ******* *** **** looking *** *** ********* ******* ** ****************** * ******* ***** use of *** ******* ******** so ** ** ********* *** ****** ********* needs ** *** company *** ******** *** ******* ******* * financial **** **** ******* *** ** ********* ********** tool ***** *** ******* are prepared the ******* **** at ********** *** ****** *** at *** *** ** the ****** ****** a ******* usually ******* *** ** ******** to ********* *** deviations ** ********* *** ******** ******* **** *** ****** ********** ********** are ********** ******** *** ********** measures *** ***** *** ******** *** ******* **** ** ** ********* management ******** Budgets can increase *********** * **** ****** a ******* is able ** secure more revenues ****** through ****** ** ******* *** ** increased ******* ** ********* **** ** *** ********* ************ like ***** ******* ****** *** ******** ******* ****** **** can **** ***** and ** *** ****** ** **** the **** ** likely ** *** **** financing4 ******* ******* ** internal *********** *** **** of * ****** * ******* is **** ** ********** ******* how its ******** *** **** by *** firm and **** can **** it ** ****** *** fraudulent ********** ** the ********* *** may ****** *** ******* to a ******* ********* riskCons1 ******* *** bureaucraticThis ***** **** * ******* *** ** **** for **** *** also estimate *** ****** ********* ***** so ** ** come up **** * proper ****** **** *** ***** delays 2 **** ********* *** ********** **************** ** ******* ** * lengthy ******* **** requires ******** ** different *********** ** *** departments *** *** managers and this ******** * lot ** **** which could have **** **** ** ** ***** ************ *************** are **** other ********** ***** **** *** ******** ** *** ******* of ********* ******** *********** budget ** ******* based ** ********* *** *********** and this ***** **** * ****** is ****** to ** inaccurate ********** if the *********** ******* **** * *********** degree4 ****** *** systemA ****** who ** experienced in budgeting *** sometimes ************* *** ******** *** ************ *** expenses ** that at the *** ** *** period *** firm will **** ********* ********* *** **** can be a ******* ******* ** *** ************* *** **** ***** that matter ** *** **** ****** *** we **** three ******** budget ***** **** *** ********* in ******** * ******* *** **** include *** following· ***** ******* ********** *** ******* ** any **** ******* ****** ** *** ability ** manage *** sales *** ******** the profit ******* *** ***** * ******* ******** ** *** ******** ***** ****** ** ****** Projected ********* this **** ******* all *** ********* ******** including *** ******** ** *** ****** workers· ******* ** ****** **** ******** a ******* ********** ** the various sources ** capital so as ** choose the best ********* ************** ***************** ********* systemsare ******** ****** * company ** ***** ********** managers *************** ******** ********* *** accountabilityResponsibility ********* ******* basically ******* ****** ********** **** ******* is *********** *** accountable ****** **** common ************** reporting ******* *********** ************** *********** ******* usually have ********* **** ***** only *** have **** little ** ** ******* **** the ***** of the ******** ************** *********** ******* ******* ******* goods ** maybe ******* ******** ** **************** of *** *********** have no ******* **** the ***** prices and therefore *** only ** ********* based on ***** total *********** centersThis systems have managers who enjoy ******* **** their *** ******** *** ******** **** ******* ****** *** *********** ** buy *** also the *** ** ******** ******* have *** ***** ** *** ***** *** prices Responsibility ********* systems have the ********* ********** *** ******************** It *********** a sound mechanism *** control· ** encourages ********* *** ***** ****** *********** *** ** ****** ********** ** ********* ******** *** ********* ** the officers ** **** are ****** **** ** explain about *** ********** *** which they are ***************** *** ********** way ** classifying ******** ***** ** ** ********* *** further ******** *** **** makes ** *********** **** *********** *** system **** ******** *** ******* for ********** ************** ********** if *** ************** reporting system is ********* **** *** ******* *********
