Planning Tools and MA in Responding to Financial Problems

Management Accounting

TABLE OF CONTENTS
 Introduction
 Planning tools used in an organization
 Comparing ways organization can use ma in responding to financial problems
 Conclusion
 References

INTRODUCTION
 Budgetary control refers to exercising control over the actual results or performance of
the business in comparison to the budgets prepared so that timely and appropriate
action can be taken.
 In this presentation, the different types of planning tools that can be used by the
organization along with their merits and demerits.
 Also, a comparison is drawn between organization in respond to financial problems
they face.
 In this Nisa is taken as an organization, which is retail grocery store in UK.

PLANNING TOOLS USED IN AN
ORGANIZATION
In an organization different types of tools and techniques are used by the organizations that
can be used for budgetary control.
Zero based budgeting
 It is a budgeting technique that involves preparation of budget from the zero level or from
the scratch as it involves re-evaluating each and every expense again along with its
justification that is required to be incurred by the department.
 This method is very essential for running the business.
 In this budget is prepared based on the upcoming needs because of which budget is
allocated.