Budgeting Assignment Essay Example | Topics and Well Written Essays - 1500 words

Budgeting Assignment - Essay Example ndividual budget estimates, Suggesting revisions in individual budget estimates ,Approval of budget and later revisions., Receiving and analyzing budget reports, recommendations of actions needed and designed to improve efficiency where necessary. Cumulative efforts are made at all levels , at the decision making process for establishing targets and making estimates and at the implementation phase also when the budgeted target has to be achieved. Otley (1999) suggests that the budgetary control process provides an encompassing framework through which all aspects of an organization’s activity are summed up into a single set of financial statements but at the same time It acts as a valuable source of monitoring the actual outcomes with the budgeted and also helps to identify and eliminate the inefficiencies in an organization performance, for example. In some type of businesses where there is rapid change in current environment conditions because of any economic or social factors, frequent budget changes are avoided because budget revision are considered as time consuming and loss in budgetary control. It’s difficult to avoid the inevitable distorting effects arisen when managers are rewarded for achieving the budget targets. This can be reduced by giving some proper and justified incentive schemes like bonuses or overtime premium or any other reward system to the subordinates. It should be kept in mind that it is the overall collective team effort and the usually the pressure is usually taken by the middle and lower level management to meet the targeted goals. For example preparation of purchase budget can never be made without the production budget in any manufacturing concern. The purchase department must know the targeted production in order to estimate the amount and qty of raw material required for the finished goods. Similarly, the sales budget is a prerequisite of making a production budget because the production department must be aware

Soldiers with Large Weapons in Predator-Abundant Midsummer Research Paper

Soldiers with Large Weapons in Predator-Abundant Midsummer - Research Paper Example According to the research findings, it can, therefore, be said that being in a position to comprehend the causal mechanisms and outcomes of trait variation can present imperative insights of how organismal phenotypes are manipulated in the process of evolution and how they influence communal dynamics and the population. Different approaches are used to determine the variation in the trait. One notable approach involves measuring the number of aphids in colonies that belong to each of the three wild populations, and the number of predators of each colony. Three separate colonies, all in Japan were used in the study. One aspect to the colonies that was mutual was that they were all situated at the periphery of deciduous forests, where the S. senanensis host plant was found in abundance. Each colony was surveyed one to three times each month. The survey was conducted in August 2006. In each survey, S. senanensis leaves were picked up, each must have had a colony of aphid so as to collec t both the aphid and the predator. All aphids and predators collected were placed in ethanol and then preserved in plastic bags. Aphid mothers seemingly produce sturdy soldiers as a sole reaction to environmental temperature. This is done just before the coming of the â€Å"dangerous time† as a move that can expound on the mechanism of the spatiotemporal variation in natural populations. These results may actually be the initial indication of the evidence of the actuality of an adaptive strategy in relation to the morphological characteristics of soldiers in aphids. The results do not reveal much about the defensive strategy of the aphids, in particular, the factors influencing the production of soldiers in C. japonica. The correlation between production of soldiers and soldier armature can be approximated by measuring up the number and armature of soldier produced by the aphids that have been nurtured at different environmental temperature.