Unit 8: Unit 8: Cost Variance Analysis and Management Control Discussion
Ethics vs. Aesthetics in Sustainable Architecture
August 4, 2017Class room presentation on Customer-focused Listening
August 4, 2017Discussion Topic:
Discuss the differences between efficiency and effectiveness.
Chapter 16 Management Control Process
LEARNING OBJECTIVES
After studying this chapter, you should be able to do the following:
¢ 1. Define a budget and describe how management uses them.
¢ 2. Explain the concept of management control and how budgeting is used as part of it.
¢ 3. List sources of differences between budgeted and actual amounts.
¢ 4. Explain the budgeting process.
¢ 5. List the major types of budgets and describe how they are used.
¢ 6. Describe the concept of zero-base budgeting.
¢ 7. Explain how benchmarking is performed at the department level.
