The Kalgan Driftwood Company has decided to that it needs to use the budgeting process...
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Finance
The Kalgan Driftwood Company has decided to that it needs to use the budgeting process much more substantially to manage its activities. You are a graduate trainee who has just started work in the accounting department of Kalgan. In your degree studies, you completed a module called Managerial Finance and learned that budgets serve a number of useful purposes including: (i) Planning annual operations; (ii) Coordinating the activities of the various parts of the organisation; (iii) Communicating plans to the various responsibility centre managers; (iv) Motivating managers to strive to achieve the organisational goals; (v) Controlling activities; (vi) Evaluating the performance of managers. How does 1. planning 2. controlling,3. communicagtion and 4. motivation achieve theses purposes
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