Why does your organization prepare a budget

Why does your organization prepare a budget?

#2. Flexible Budget (Professor)

What is a flexible budget?  How does a flexible budget use cost behavior (fixed, variable, mixed)?

#3 Budgeting Errors (Professor)

Does your organization make any of the common errors mentioned in the text?  Do you have any recommendations about how your company can improve its budgeting?

#4 Balanced Scorecard (Professor)

Take a look at this brief video https://www.youtube.com/watch?v=biyGxEix5Zs

The Balanced Scorecard – Harvard Business Review

www.youtube.com

A cool simple explanation for Balanced Scorecards and its four original perspectives.

For your organization, can you come up with balanced score card objectives/measures in each of the four perspectives?

#5 Performance Measures (Professor)

Which of the Chapter 11 performance measurements does (or could) your organization use?  How/why?

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