Description
Learn various approaches of budgeting and the distinctive features of each approach to exercise control over the operation and to deliver information for decision-making.
Designed For
- Global accounting and finance professionals
- Management accounts
- CPAs in public practice
- Consultancy firm professionals
Objectives
- Identify the impact that budgets could have on motivation and performance of operational personnel.
- Identify factors that affect the assessment of a manager's performance.
- Identify dysfunctional behaviours that arise from the budget process and suitable management actions.
Highlights
- The motivational aspects of target setting
- Controllability of budget outcomes
- Behavioural aspects in budgeting