财务管理留学生作业:Advantages of Budgetary Control System
当一个组织正在经历战略变革的过程中,事实是,,预算控制系统被广泛使用。预算控制的广泛使用可以归因于系统提供的优势的数量。
Although, Hope et al., (2003) have argued against the annual budgetary system and termed that a major impediment particularly when an organization is going through the process of strategic change, the fact is that the budgetary control system is widely used. The widespread use of budgetary control could be attributed to the number of advantages that the system offers. For example, due to the use of budgetary control system the work of RDBS could be better coordinated as the budgetary system helps in the planning process as well as how different departments within the business organization will work towards the accomplishment of the organization's overall goals and objectives (Baker & Jacobsen, 1998). In addition, management in most of the situations is confronted with different types of situations, and the course of action that the organization will use depends on the budgets. For example, RDBS's Manufacturing supervisor looks for different suppliers within the country rather than looking for suppliers outside the country just because of the budgetary control (Brigham & houston, 1999).
Table of Contents
1. Advantages of Budgetary Control System: 3
2. Five Inherent Weaknesses of Budgetary Process: 4
3. The Budgetary Process at RDBS that Lead to Failure to Accomplish the Standards: 6
4. The Budget Planning Approach that the Organization should Use: 7
Works Cited 10
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