Strategic Management Accounting

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Strategic Management

Accounting (APC 309)

Individual Assignment

Name: - MD MAHBUB UR RASHID.

ID: - 119108734

Program: - BA (H) Business & Management.

Last date of submission: - 8th April 2013

Words in total: - 3,020

Part 1/ Question 1

Executive Summary

The purpose of this report is to cover one of the most important topics in management accounting and analyze them critically. This topic is about traditional approach of budgeting and budgetary control. Analyzing this topic will help to find the benefits and problems of traditional budgeting in two different business, where they are operating at different business environment.

It will also discuss some of the alternative methods of budgeting and how it can suit, where traditional methods are inappropriate. The beyond budgeting concept, by Hope and Fraser (2003) will be discussed to find critical and deep evaluation on the budgeting process.

Table of contents Pages

Introduction. 01

Traditional budgeting. 02

2.1 Multiple Functions. 02

2.2 Benefits. 03

2.3 Problems. 03

Alternative approaches. 04

1. Activity based budgeting...