Assess the budgeting process and procedures for the organization with regards to preparation techniques, uses for evaluation, differences between business units/divisions, etc. Analyze how the organization collects, stores, and prepares management accounting information, particularly the use of a management accounting system (MAS) and how information is disseminated throughout the organization. Evaluate the costing process and procedures of the organization with respect to method or approach utilized. Assess the capital decision making process within the organization with regards to what methods are utilized, how such methods are chosen, how projects are selected and managed, and what measures are employed to evaluate performance. Evaluate the criteria or mechanisms used by the organization for deciding how best to acquire capital and analyze the capital structure of the company.
The question belongs to Finance and it discusses about assessing the budgeting process and procedures for an organization. The solution utilized an example of Coca-Cola’s budgeting process, capital decision making process, the methods and the approach utilized have been discussed in the solution.
Total Word Count 774