B6021 Managerial Accounting Working with Budgets Assignment 1: Discussion—Working with Budgets
Describe in detail the budgets that you work with.
In your description, what was the objective of the budget i.e., to motivate employees or control costs? (A budget could have more than one objective.) Was the use of the budget successful in achieving the objective?
Based on the effectiveness of the budget, what recommendations would you suggest to improve the communication and/or utilization of the budget(s)?