Budgeting as an Accounting Method in Managerial Accounting
VerifiedAI Summary
This report discusses about a concept of a budgeting as an accounting method in managerial accounting. It has a literature review of the topic with the relevant analysis of the topic through journals. The purpose of using feedback can enable organisation to find out the variation between executed budget and the actual performance. This report bring out the discussion on two reviewed articles of renowned journals named Auditing & Accountability Journal. Both articles have discussed two different viewpoints. First has discussed the case study of Main freight that layouts and follows non-budgeting method in its management control system. The another article highlights the public budgeting that determines how public administration operates with the modern and new approaches of budgeting.