Accounting 6

Budgeting and Responsibility Accounting: Please respond to one of the following:

Option 1

Analyze and discuss the use of the budget in developing the business strategy of a company of your choice indicating if the budgeting supports the strategy.

Option 2

Propose an area in the long-term budget that will benefit from kaizen budgeting, and propose change in the long-term budget of the company that will impact product pricing and improve profits. Provide support for your proposal.

Option 3

Compare the benefits and dangers of using stretch targets, specifically addressing the pressure to engage in unethical practices.

Option 4

Create an argument for or against the use of rolling or continuous budgets in the planning process.