Applied Accounting & Budgeting Assignment

Accounting
Assignment

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Prepared By
Student’s Name:
Lecturer’s Name:
Lecture Date:
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Applied Accounting &
Budgeting

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Table of Content
s
Question 1...................................................................................................................................................3
Question 2...................................................................................................................................................3
References...................................................................................................................................................4
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Introduction
This assessment provides the solution to the six practical problems each focusing on a specific
aspect of the concept of accounting and budgeting, the first being assessment and interpretation
of the fundamental concepts and principles which underpin internal operational decision within
business. The second being the evaluation of the key aspects of the regulatory framework of
accounting and finance, third being the assessment of the impact of the outcomes on budgets, .
controls, cost behavior, profits and operation (Boghossian, 2017).The fourth being the critical
appraisal of the principles and practices required at the strategic level long term decisions, fifth
being analysis, assessment, interpretation and critical analysis of the financial information and
viability of the capital expenditure proposals and the last being determination of the appropriate
service and product costs, budget information and cost bases. The following section provides the
detailed solution of each of these practical problems (Belton, 2017).
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