US ARMY COMMAND AND GENERAL STAFF COLLEGE US Army Command and General Staff School Command and General Staff Officer’s Course (CGSOC) Common Core F103: Planning‚ Programming‚ Budgeting and Execution (PPBE) F103RB Feb. 24‚ 2012 - Gen. Odierno AUSA Winter Symposium1 The position of strength that the Army has is that everyone has seen over the last ten years what our Army has done‚ and is capable of. Lots of people want to put the Army in a box. They want to say this is what the Army can
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Assignment 2: Creating‚ Financing‚ and Marketing a Business Shamika Ward Professor Roderick D. Thomas Introduction to Business December 2‚ 2012 Identify the pros and cons of the partnership as a form of ownership. Partnership is one of most common forms of business. There are many advantages to business partnership as well as a few disadvantages. One advantage is that a partnership is easy to establish. This can be established through verbal agreement or through a contact. Another advantage
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Budgeting can be an important management tool if implemented properly. Identify several positive results when budgets are used properly. Since budgets affect people‚ identify several negative aspects if budgets are not implemented properly. (20marks) Identify several positive results when budgets are used properly. 1) Monetary Control To implement a budget‚ it enables us to know more about finances control. A budget that give us a full idea on the amount of money that coming in and going
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Evaluate the benefits and problems associated with the participative style of setting the budget. Participative budgeting is a budgeting strategy that encourages participation and development from lower-level employees in an organization. In other words‚ a participative budget is a budget style for a department or an entire organization created with the active participation of a wide range of employees. Advantages: Participative budgeting has some advantages‚ first‚ employees are transferring
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simultaneously make managers construct and implement plans‚ contribute useful information for improved decision making‚ provide a standard to administer performance evaluation‚ and enhance organization and communication. An essential component of the budgeting system is control. Control periodically takes actual results and budgeted results and compares the two. It also allows for managers to frequently measure their performance from reports by providing performance evaluations. The master budget can
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publicbank.com.my/. Last accessed 29 April 2008. Rachlin‚ R (1998). Handbook of Budgeting 4th edition . US: John Wiley & Sons‚ Inc . Susumu‚ U. & Uma S. (1992) “The Influence of Culture on Budget Control Practises in the USA and Japan: An Empirical Study” Journal of International Business Studies 1992‚ Vol. 23 Issue 4‚ p659-674. Walker‚ K.B. (1999) “The Effects of a Budget-Based Incentive Compensation Scheme on the Budgeting Behavior of Managers and Subordinates” Journal of Management Accounting Research
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Case 1: Citibank Indonesia 1. Citibank’s budgeting process is based on a bottom-up method. It is not compromised of specific goals to be attained by individual operating units‚ but is composed for the corporation as a whole. Citibank was aiming for long-term goals‚ which call for profit growth of 12-15% per year‚ 1.25% return on assets‚ and 20% return on equity. These standards are set for the entire company‚ and individual sectors‚ such as international branches‚ usually set their own higher goals
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Decreased production Improvement in product quality Instructor Explanation: Chapter 13‚ Page 201 Points Received: 5 of 5 Comments: 5. Question : (TCO 5) Which of the following is not true when ranking proposals using zero-base budgeting? Student Answer: Due to changing circumstances‚ a low-priority item may later become a high-priority
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able to: [1] Indicate the benefits of budgeting. [2] State the essentials of effective budgeting. [3] Identify the budgets that comprise the master budget. [4] Describe the sources for preparing the budgeted income statement. [5] Explain the principal sections of a cash budget. [6] Indicate the applicability of budgeting in nonmanufacturing companies. 23-2 Preview of Chapter 23 Accounting Principles Eleventh Edition Weygandt Kimmel Kieso 23-3 Budgeting Basics Budget: a formal written statement
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How does the Citibank budgeting process work? Is this a Participative process? Citibank applies two management processes to control its international branches: sovereign risk limits review and operating budget review. Its budgeting process is a bottom-up. Although it starts from the headquarters’ instructions which guide the timing‚ format and issues needed to be addressed‚ budgeting is not obliged to attain specific targets. The corporation’s long-term goals are shared. Some international branches
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