Essays on Budget Process

MANAGEMENT ACCOUNTING REPORT

Introduction This report covers budgeting, break-even analysis, and the analysis of make-or-buy decision. The budgeting details the purpose of a budget and the importance of involving staff in developing a budget. The report contains a direct material purchase budget (in units and in dollars), a direct labor budget (in hours and in dollars), and a manufacturing overhead budget. The break-even analysis compares the hammer division break-even point locally and in Myanmar. The break-even analysis indicates that the business will have a lower break-even point if they shift the hammer division to Myanmar because of lower fixed costs and reduced ...

Question 1 California’s Political Culture

Historically, California’s state constitution was based on the amended constitution that was first adopted before California gained statehood sometime in 1850. The initiative and the referendum were used by the state to alter its constitution, and throughout its existence the state constitution of California has been altered for about 500 times. And this can be attributed to the referendums that gained a high rate of approval from the voters. For one, the state’s administration is representative of a democratic government, which allowed the voters to participate in the approval of constitutional and statute initiatives, thus ranking California ...

Main roles and responsibilities of the Chief Financial Officer

The chief financial officer for the Apollo Group essentially does financial department management. He is the head of all the finance related departments. The departments under his docket include the following: accounting, tax, treasury and financial planning. As the head of these departments, he is responsible for a number of duties that resonate around service delivery of these departments. Overall, the officer is the chief accounting executive of Apollo Group. Consequently, he would be credited with the financial success of the Group and assumes liability and blame for any financial losses. He, however, performs specific duties within his docket a briefly ...