ACF5903 - Topic 10 - Budgeting www.buseco.monash.edu Objectives •Understand the link between strategic planning and budgeting •List the key steps in the budgeting process •Understand the different types of budgets •Outline behavioural issues associated with budgeting Reference Birt et al Chapter 9 www.buseco.monash.edu Agenda 1. Overview: Planning and control in firms 2. The budgeting process 3. Types of budgets 4. Budget variances 5. Behavioural aspects of budgeting 6. Summary www.buseco
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The Annual Report Project General Electric Company (GE) General Electric‚ short as GE‚ is a leading multi-industrial company involving in energy‚ appliance‚ finance and transportation businesses. It has more than 100 years of history‚ and generally be viewed as one of the most successful product and service providers across continents. GE has gross revenue of more than 147 billion dollars‚ and is currently ranking No.6 in Fortune 500 U.S. by revenue. A. Introduction General Electric
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Chapter 7 Budgeting and Cost Estimation Copyright 2009 John Wiley & Sons‚ Inc. Low Bids If you are bidding on a project‚ do you want your bid to be as low as possible and still make a profit? Accept Low Bid If you are accepting bids on a project‚ do you want to accept the lowest bid? Budgeting A plan for allocating scarce resources to the various endeavors of an organization A budget implies constraints Thus‚ it implies that managers will not get everything they
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I would like to start off by saying that Goldfinger truly deserves the classic reputation it holds. Out of all of the 007 movies I’ve seen‚ this one is my favorite. The blend of high-tech gadgets‚ intense action sequences‚ and amusing characters is something that anyone can enjoy. The movie begins with M (Bernard Lee) asking James Bond (Sean Connery) to look into the activities of the millionaire and gambler Goldfinger (Gert Frobe). Upon watching him in Miami‚ Bond discovers that he cheats in games
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Not Have Uniforms There are a lot of debates going on as to whether schools should have uniforms or not. In my opinion schools shouldn’t have school uniforms. My arguments are‚ first‚ having uniforms will not help the school environment. Second‚ some families can’t afford the cost of two different wardrobes. Finally‚ uniforms take away from the student’s style and individuality. Uniforms have more disadvantages than advantages. The first reason why schools should not have uniforms is because
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Hayden Leach Ms. Layton American Literature February 25‚ 2010 School Uniforms Many students in America are forced to wear a uniform to school every day‚ and it violates some of their basic rights. School uniforms should not be mandatory in public schools‚ as they cause more problems than they solve‚ are expensive for students and schools‚ and suppress individuality. School uniforms are in some cases‚ extremely expensive and quite pointless‚ seeing as how they do not accomplish what they say
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school-wide uniform policy. That fall‚ Will Rogers became the first school in Long Beach County to have a mandatory uniform policy. Other schools in the district soon followed drawing national attention‚ including a personal visit from then President Clinton. Recent memories of school shootings around the nation caused President Clinton to urge other school districts to move to uniforms in his 1996 State of the Union Address. This started a seemingly endless debate over school uniforms in public schools
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School Uniforms It is more common school districts are requiring elementary‚ middle‚ and high school students to wear mandated uniforms. The options on what you can wear each day is limited. You can only wear the color shirts and the color pants your principal has chosen for you. Usually you only have a choice between two colored shorts and two colored pants. I know what you are thinking‚ “that’s it? “Yes it is indeed the truth being told. Every day it is the same routine and every morning you
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Wearing uniforms to school will be the best decision you could ever make as a parent for your child. There have been debates on why students should or shouldn’t wear uniforms. I have been a student that was assaulted because of jealousy of the fact that I wore the latest fashion. I feel that this could have been avoided if it was mandatory for student to wear uniforms. This is a very important topic to be exercised or discussed because our children can be affected by a decision that we as parents
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School Uniforms School uniforms have been around for over a century in the private school sector of the United States. In the 1980s school officials in California began considering mandatory school uniforms in public schools as a way of decreasing gang related violence. The ensuing debate gained momentum in January of 1996 when President Clinton endorsed the idea in his State of the Union Address. The issue of requiring school uniforms in public schools is still a heated debate today. Supporters
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