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When financial managers adjust for cost inflation in programing and budgeting they usually?
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∙ 11y ago
Revise their POM submission based on the Resource Management Decision (RMD) released by the Deputy Secretary of Defense
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Define budget and budgeting discuss its utility and limitation?
It is a financial plan for how an organization will receive and spend money. The utility is that it allows performance evaluation of the managers while its limitation is that it does not give the employee the morale to work.
How zero-based budgeting may assist in budgeting plainning and control?
Zero budgeting assumes that unlike the traditional budgeting system, there are no "givens". By implication, the idea of using what happened last year as the starting figure for allocation does not arise. Every activity must justify afresh (as if it never existed) and merit any resource allocation to it. This provides an incentive to managers to be focussed in their planning, and goal oriented in their budgeting. Also, that managers are forced to plan, performance evaluation and control become easier . Submitted by DURODOLA VICTOR O Nigeria
Why it is important for the managers to understand macroeconomics?
Business managers need to know about macroeconomics because firms operate in and are influenced by the behavior of the overall economy. Factors such as interest rates, employment, inflation, money supply, etc., affect the business environment and financial conditions in general, so firms must address macroeconomic issues in their planning and management strategy. Macroeconomic forecasts and strategies are more important for large firms than for small businesses.
When can there arise a conflict between shareholders and managers goal?
conflicts between a shareholders goals ana a managers goal may arise when the shareholder decides to by-pass the principle of agency theory which states that the mangers and shareholders should have equal rights of financial decision making unless one via the other is made to be clearly resolved through devastating financial effects. the conflict from here then oon arises.
What are the employee relations problem that relate to productivity in an organisation?
Some problems with employees with productivity may be quality or an employee not meeting their quotas. To improve productivity, managers can motivate employees through financial rewards.
Why capital budgeting decision very crucial for finance managers?
why capital budgeting decisions are very crucial
Why manager reluctant to participate in budgeting?
Some managers are reluctant to participate in budgeting because they do not like to discuss financial matters. They may also feel like developing a budget stops flexibility in an organization. Some want to control all the money without any restraints.
Should financial managers concentrate strictly on cash flow?
financial managers
When was Institute of Professional Financial Managers created?
Institute of Professional Financial Managers was created in 1992.
Who are the managers of Capita Financial?
Capita Financial is a company that provides financial services to industry. Currently the Capita Financial is managed by the Capita managers in the UK.
Define budget and budgeting discuss its utility and limitation?
It is a financial plan for how an organization will receive and spend money. The utility is that it allows performance evaluation of the managers while its limitation is that it does not give the employee the morale to work.
For what jobs would one require financial software on their computer?
Financial software is useful for many different jobs. This type of software offers budgeting, banking, planning, investing, taxes and reports that will graph any of this information. Financial Agents, Brokers, Insurance Agents, Real Estate Agents, Financial Managers, Accountants are just some of the many jobs that require financial software.
Why do managers fear budgeting?
Many find that budgets are difficult to maintain and can bring addition stress
How will managers use financial information to predict outcomes for business?
How will managers use financial information to predict outcomes for business?
In what field of business are money managers normally employed?
Money managers are normally employed in the field of business known as trading. Money managers manage their money using investment, budgeting, banking, and taxes.
How zero-based budgeting may assist in budgeting plainning and control?
Zero budgeting assumes that unlike the traditional budgeting system, there are no "givens". By implication, the idea of using what happened last year as the starting figure for allocation does not arise. Every activity must justify afresh (as if it never existed) and merit any resource allocation to it. This provides an incentive to managers to be focussed in their planning, and goal oriented in their budgeting. Also, that managers are forced to plan, performance evaluation and control become easier . Submitted by DURODOLA VICTOR O Nigeria
How does budgeting help management make good business decisions?
Budgeting helps managers focus on cutting costs. When they cut costs and still meet production metrics, they will see more profit.
