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Budget and Performance - Essay Example

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Summary to essay on topic "Budget and Performance"
In my point of view, Guillermo should use flexible budgeting technique. This technique helps Guillermo in order to provide different scenarios like changes in unit sales, changes in variable cost (due to the Direct Material, Direct Labor and FOH). Moreover, Guillermo can also keep a watchful eye on the macro-environment factors like competitor's strategy, etc…
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Budget and Performance
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Download file "Budget and Performance" to see previous pages... This strategy is not in line with the values of its current business. Keeping all things into consideration, Guillermo makes the budgets and evaluate variances and takes corrective measures when and where required in order to run its business smoothly and efficiently.
Every single businessman wants his business to run smoothly without any hindrance.
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In Guillermo's scenario, he manipulated the figures in order to make the business attractive, which is unethical. From Guillermo's accounting decision perspective, he manipulated the sales; the variable cost per unit and unit sales in order to attract the outside companies, like making the figures attractive for the Norwegian company. So it is very important for Guillermo not to take and adopt unethical values in his decision making because may be very good in the short-run but can prove disastrous for the company in the long run (Garrison, 2004). ...Download file "Budget and Performance" to see next pagesRead More
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