The aspect of addressing multiproject is indeed complicated due to the numerous tasks and concerns that are associated in the general assignment. Among these complex tasks and concerns are the resources and materials needs, the time available for the multiproject, the jobs necessary for the completion of the project, and the processes involved in each respective task involved. For the effective management of these critical […]

“Budgeting is ok in a certain environments but everything changes so quickly that budgeting is a waste of time. It provides no useful purpose and is purely an academic exercise”. “Traditional budgeting wastes time, distorts decisions, and turns honest managers into schemers. It does not have to be that way- if you are willing to sever the ties between budgets and compensation”. While discussing and […]

BUDGETING IN CO OPERATIVES A budget is a statement about the allocation of money (income and expenditure) according to a set of priorities or a plan over a period of time. The advantages of having a budget and budgeting system are as follows: ¦ It ensures the plans and ultimately the objectives of the co-operative are realized; ¦ It provides a means to control expenditure […]

Firstly, accounting is the measurement, statement or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies. The terms derive from the use of financial accounts. Accounting is the discipline of measuring, communicating and interpreting financial activity. Financial accounting is one branch of accounting and historically has […]

Starr full time earning $17. 50/hrs working 40 hours a week with a net Income of $32, 841. I need to buy a car wealth my price range to make sure I can get to work on time. Starr is approximately km away from home so driving to and from work will approximately be km a day. Working 5 days a week in total I […]

Budgeting as system of organization control sounds not something controversial since even from the smallest organization, one can readily see the need to estimate the level of revenues and expenses and the related amount of assets or resources that may be used to attained a desired. Even from an individual viewpoint, it is normal for a person to know how much he or she is […]

In Business terms if we talk about budgeting it is the ability of a manager to plan and allocate the available funds to different departments of the organization. This enables the organization to efficiently allocate the funds to more productive areas and cut back expenses from the less productive areas. This includes utilization of assets to generate income and public relationships. Normally budgeting is done […]