budgeting and forecasting – Essay Writers

Choose one of the following.
Option 1) As you’re learning in assignment 2, a key technique in managerial accounting/finance is the use of “Cost Benefit Analysis” to help management make better business decisions. Define this approach in your own words and discuss 1-2 applications of this concept in your current work environment (examples might include make vs. buy, plant location, new product or packaging, downsizing, acquisition/divestiture, etc.). Discuss a variable or assumption within the project where the data was difficult to obtain — and what you did to develop a reasonable assumption for the project economics. Additionally, share or create one example where using financial data and cost benefit analysis did or could have led to a better decision.
OR
Option 2) Describe your company’s financial forecasting or annual budget process. What is your involvement in the process? What works well? What doesn’t work? If you were CEO/CFO, what changes would you make and why? And how would you communicate to employees the value that the process brings to the business?
 
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