Economics homework help

Economics homework help. Students should prepare a Master Budget on Excel and provide an analysis of the financial situation of the company that will demonstrate a clear understanding of management accounting and the learning objectives discussed in this course.,Students should prepare a Master Budget on Excel,•             Students should prepare a Master Budget on Excel and provide an analysis of the financial situation of the company that will demonstrate a clear understanding of management accounting and the learning objectives discussed in this course.,•             Key contextual elements should include management accounting. When it comes to operational budgets, cash budgets, and pro forma financial statements and also excel processing.,More details;,Describe How and Why Managers Use Budgets,Implementation of a company’s strategic plan often begins by determining management’s basic expectations. This is about future economic, competitive, and technological conditions, and their effects on anticipated goals, both long-term and short-term. Many firms at this stage conduct a situational analysis that involves examining their ,strengths, and ,weaknesses, and the external ,opportunities, available and the ,threats, that they might face from competitors. Further, this common analysis is often labeled as SWOT.,After performing the situational analysis, the organization identifies potential strategies that could enable achievement of its goals. Finally, the company will create, initiate, and monitor both long-term and short-term plans.,An important step in the initiation of the company’s strategic plan is the creation of a budget. A good budgeting system will help a company reach its strategic goals. This by allowing management to plan and to control major categories of activity, such as revenue, expenses, and financing options. As detailed in ,Accounting as a Tool for Managers,, planning involves developing future objectives, whereas controlling involves monitoring the planning objectives that have been put into place.,Attachments,Click Here To Download,

Economics homework help