Management Accounting Control
The annual budgeting process ensures that managers plan for future operations, and they consider how conditions in the next year might change, and what steps they should take now to respond to these changed conditions.
Discuss the relationship between budgetary control and standard costing. Your answer should also refer to the behavioural aspects of budgeting and standard costing.
Required: 1400 Words
The format requirements of the coursework are:
• Typed, 1.5 spaces.
• One-inch margins all around.
• Standard type-size (12 point Times).
Your lectures’ notes will not be sufficient to answer the question and you will have to do some private reading (published literature) which should be stated in the bibliography.