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?