Post your response to the following discussion question. Reply to at least two classmates’ responses by the date indicated in the Course Calendar.
Companies listed in the U.S. stock market are not required by the accounting standards or by law to prepare and publish annual budgets. Federal, state, and local governments, on the other hand, are required by law to publish their annual budgets. Discuss whether there should be an accounting standard or law requiring public companies to prepare and publish their annual budgets. What are the pros and cons of publishing companies’ annual budgets?
post your response to the following discussion questions. Reply to at least two classmates’ responses by the date indicated in the Course Calendar.
Read through the materials on responsibility accounting, and be sure to watch the short video at the link titled Responsibility Accounting in Management. The video talks about the practical workings and benefits of responsibility accounting for managers. In your posting, discuss the use and effectiveness of performance reports for management. Does your current employer use them? If so, how are they valuable? Has your employer ever used such reports to motivate employees who have contributed to favorable variances? If this does not apply to your employment situation, perform some additional research in order to express an informed opinion.