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Budgeting: Basic Concepts, Factors, and Limitations

An individual assignment on Managerial Accounting, to be submitted in Week 10, with a maximum of 30 marks and a word count of 3,000 words.

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Added on  2023-06-04

About This Document

This report provides a detailed explanation of the basic concepts of budgeting, the factors that determine its success, and the limitations of the process. It includes a literature review of two studies on budgeting, a discussion of budgeting principles used by Quested Communications to expand their business in Nigeria, and recommendations for budgeting. The subject is budgeting, and the course code, name, and college/university are not mentioned.

Budgeting: Basic Concepts, Factors, and Limitations

An individual assignment on Managerial Accounting, to be submitted in Week 10, with a maximum of 30 marks and a word count of 3,000 words.

   Added on 2023-06-04

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Budgeting: Basic Concepts, Factors, and Limitations_1
Budgeting: Basic Concepts, Factors, and Limitations_2
Budgeting
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Budgeting: Basic Concepts, Factors, and Limitations_3
Executive Summary
The report presents a details explanation of the basic concepts of Budgeting and the various
factors that determine a successful application of the process. The modern economic theorists
have identified certain limitations to the process which have been discussed in the report. The
report is a literature review of two studies based on Budgeting and the similarities and
differences between the ideas that have been expressed in the report have also been identified. In
the last section of the report, there is a discussion of the Budgeting principles that have been used
by Quested. Communications to expand their business in Nigeria and evaluates the learning that
can help other companies to develop their businesses.
Budgeting: Basic Concepts, Factors, and Limitations_4

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