Business Finance Homework Help

1. Assignment Details

Efficient and effective use of limited resources is the key to success in today’s economy. Assisting in the budget planning process is a major task for managerial accountants.

• All organizations have limited resources, but whom in the organization should be involved in the budgeting process?
• Discuss the pros and cons of the two basic philosophies that organizations should follow to plan and develop their budgets.

2. Assignment Details

To be successful, an organization needs to align and motivate its staff to achieve the organization’s goals and objectives. Then, the organization needs to communicate those goals, motivate employees, and reward their achievement of those goals.

• Describe the organization for which you work or a previous employer. Was it a centralized or decentralized organization?
• Do you prefer one over the other? If so, why?