Discussion 1,
READ – Chapter Six – Budgeting
WRITE – a minimum of 200 words addressing the following questions:
- Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget?
Discussion 2, READ – Chapter Seven – Standard costs
WRITE – a minimum of 200 words addressing the following questions:
- Review the “Standard costs: Wake up and smell the coffee” (Links to an external site.) article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain.
Text
Wainwright, S. K. (Ed.) (2012). (Links to an external site.)Principles of accounting: Volume II [Electronic version]. Retrieved from https://content.ashford.edu/
