Week four Discussions


Theses are two separate discussion post and should be  composed separately 150-200 each



Week 4 – Discussion 1:


Issues in Standard Costs and Budgeting


Review the Standard costs: wake up and smell the coffee.article. When evaluating performance, many organizations compare current results with the actual results of previous accounting periods. Is an organization that follows this approach likely to encounter any problems? Explain.








Week 4 – Discussion 2



Flexible Budgets


Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recommend using a static budget over a flexible budget?