Here is the synopsis of our sample research paper on Accounting Exercises. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
An 8 page paper in two parts. Part 1 describes and critiques the budget process at River Beverages. Part 2 builds various spreadsheets for cash and cash requirements throughout one quarter. Included are a sales budget, cash receipts budget, purchases budget, cash disbursements budget and the beginning of a summary cash budget. Bibliography lists 2 sources.
Page Count:
8 pages (~225 words per page)
File: CC6_KSacctRiverBev.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
invested in the paper greatly exceeding standard text-writing time. I can continue with additional information and additional pages. 18. River Beverages A. The Budgeting Process - Is
Each Step Necessary? Sales Budgets The budgeting process begins with the division managers, who report "capital, sales, and income forecasts for the upcoming
fiscal year" (Author, year; p. 796) to the vice president of their respective regions. This step likely is not necessary, for several reasons. The first is that it
is merely an exercise that focuses managers attention on the topic of budgets. They have no real control over the final budget product and researchers will be developing independent
budgets in the next step of the process. The managers appear to be aware that their initial budgets are meaningless, otherwise they would give the activity more attention and
prepare them with more detail. Forecasts made by the strategic research team are more meaningful in that each results from "a formal assessment
of each market segment in its region" (Author, year; p. 797), including current and expected economic conditions and current market share. This aspect of the budget process integrates the
companys products that are kept separate for administrative purposes. District sales managers have the real power in formulating initial sales forecasts, and they
bear responsibility for the budget advice they produce. The division manager reviews this budget but cannot make changes, making this substep an unnecessary one. Top management eventually receives
the sales managers budget advice, altering aspects of it as it wishes to see the business expand. Thus if district sales managers provide a budget based on "real" numbers,
...