Recently Published Read at least 2 academically reviewed articles on ABC and 2 articles on Master Budgeting and complete the following:

Recently Published Read at least 2 academically reviewed articles on ABC and 2 articles on Master Budgeting and complete the following:

Recently Published Read at least 2 academically reviewed articles on ABC and 2 articles on Master Budgeting and complete the following:

A. Write an annotated bibliography of each article.

B. Based on the articles you reviewed, discuss what you learned

C. In addition, discuss how a manager would use the concepts in the articles you reviewed in managerial decisions.

Use APA throughout. Please organize your discussion as listed above.

Please follow the sample as below mentioned.

Annotated of Activity-Based Costing

Almeida, A., & Cunha, J. (2017). The implementation of an Activity-Based Costing (ABC) system in a manufacturing company. Procedia Manufacturing, 13, 932–939.

In order to overcome a widening part of the problem of the product-related indirect fixed cost structure arising from the phase of the industrial development and modernization of the manufacturing procedures, Cooper and Kaplan created the activity-based costing (ABC) approach. The costs related to the Company’s recourses, including a set of operations, used or expended in a certain cycle to manufacturing products or services, can be calculated by ABC Costing Systems. During this process, it is anticipated that resources are consumed by the activities required to manufacture products or deliver services. During the first phase, the materials for the operations are allocated, and the goods are distributed in the second process. In both instances, this allocation is enabled by cost drivers. Cooper and Kaplan make the argument that two reporting systems will also exist side by side in a company: a traditional method for reporting financial services that occasionally gives information on the costs of the operations provided by the enterprise for each duration as well as an ABC costing system, which includes quantity information but also forecasts the cost of the operations efficiently used for the duration (Almeida & Cunha, 2017).

Mahal, I., & Hossain, M. A. (2015). Activity-Based Costing (ABC) – An effective tool for better management. Research Journal of Finance and Accounting, 6(4), 66-73.

ABC offers a powerful resource for the Company to ensure that the commodity has a correct, efficient cost and avoids cost fluctuations that can contribute to sustainable production and growth that are necessary for a globalized and complex market setting. This article includes a concise overview of ABC international journals. The researcher has attempted to enhance this journal’s main meaning. The recent articles address a wide variety of subjects from ABC’s philosophy to their application. In different nations, the author has addressed similar events. The analysis provides some detail on the ABC operated Nestle Bangladesh Ltd. It also attempted to evaluate the Company’s performance in introducing ABC. Through the article analyses, the author concentrated on different market cycles, such as utilities, telecommunications, manufacturing, and much more. ABC seems to be a little different in all various fields. In consideration of the features of this field, ABC has to be introduced. Across all, for virtually all industries, ABC has proven efficient. Some improvements have also been introduced in ABC. Any other definitions, such as constraint principle, ABC time based, and several others, were also explored here (Mahal & Hossain, 2015).

Two Articles on Master Budgeting

Isaac, L., Lawal, M., & Okoli, T. (2015). A systematic review of budgeting and budgetary control in government-owned organizations. Research Journal of Finance and Accounting, 6(6), 1-10.

Generally, 3 primary forms of budgeting methods are utilized for preparation and monitoring by the administration of every Company. Fixed, flexible, and zero budgeting are all these forms. The master budget is a fourth term covering the various way mentioned above. Many scholars claim that a master budget is not a sort of budget, but instead the overview of all functional budgets established in an enterprise by the different functional members. A master budget is essentially a review of all stages of the potential planning and priorities of an organization. It establishes specific goals for revenue, production, establishment, delivery, and financing as well as usually ends with the cash position statement of the management long term plan and its hopes for the future. Consequently, the master budget is designed in the context of a project plan for profit and loss, combining into one single position revenues, revenue, and expenses calculated for the fiscal era. A master budget is thus only a network of several different, interdependent budgets(Isaac, Lawal, & Okoli, 2015).

Saeed, M. Z., Qi, r. L. & Jalloh, A. A. (2016). The effects of budgets in the implementation of operational activities in private and public corporations. International Journal of Management Sciences and Business Research, 5(3), 11-20.

Saeed at al. (2016) stated that Budgets are generally set for all departments as well as major segments within the company. They have to be comprehensive, involving all interrelated departments. The budget process has to receive input on all departments; thus, coordination is in place within the company. With regard to the criticalities affecting the development process, this research seeks to analyze the impact of budgets on the execution of organizational operations in public and private organizations. This research is noteworthy to operations managers, corporate heads, and even chartered accountants since this research could enable them to do their duties effectively and efficiently. Although they are setting the strategic budget, they need to consult with all appropriate departments to meet their future needs in order to achieve effective and efficient results (Saeed, Qi, & Jalloh, 2016, pp. 11-20).

References

Almeida, A., & Cunha, J. (2017). The implementation of an Activity-Based Costing (ABC) system in a manufacturing company. Procedia Manufacturing, 13, 932–939. Retrieved from https://reader.elsevier.com/reader/sd/pii/S2351978…

Mahal, I., & Hossain, M. A. (2015). Activity-Based Costing (ABC) – An effective tool for better management. Research Journal of Finance and Accounting, 6(4), 66-73

Isaac, L., Lawal, M., & Okoli, T. (2015). A systematic review of budgeting and budgetary control in government-owned organizations. Research Journal of Finance and Accounting, 6(6), 1-10.

Saeed, M. Z., Qi, r. L. & Jalloh, A. A. (2016). The effects of budgets in the implementation of operational activities in private and public corporations. International Journal of Management Sciences and Business Research, 5(3), 11-20.

Sample End————————–

Answer preview for Recently Published Read at least 2 academically reviewed articles on ABC and 2 articles on Master Budgeting and complete the following:

APA

278 Words