ACC 561 Week 6 Discussion

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ACC 561 Week 6 Discussion
ACC 561 Week 6 Discussion
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ACC 561 Week 6 Discussion

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

 

Due Thursday

Answer one of the following two questions. Respond using a minimum of 300 words.

  1. Read Chapters 21 and 22 of our text. Watch the Budgets video. Select one of the budget types presented. Discuss why this particular budget is important to a company and explain how a business can use the budget to improve performance. Select a company of your choice and discuss how past business transactions and future operating decisions impact the preparation of the company’s monthly, quarterly, and annual budgets.

  2. Explain how variance analysis can improve the overall performance of a company. Select a company of your choice and discuss how the business can use the tool to improve business decision capabilities and financial results. Include examples to support your explanations. How could a balanced scorecard system help you improve negative variances at the company?

Due on or before Monday

Post two high quality, substantive replies.