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B629 Marketing and Finance: Budget Planning Cycle

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B629 Managing 2: Marketing and Finance

Questions:

Question 1: (50 marks)

Explain the four broad stages of the “budget planning cycle”. To what extent is the implementation of the budget plan useful to non-profit organizations such as a publicly-funded hospital or school? Support your answer with relevant examples. (700 words)

Question 2: (50 marks)

In the context of a local/regional organization, explain the idea of “cost object”. Discuss the four “responsibility centres”, in the selected organization, which are linked to responsibility accounting. What are the main drawbacks of responsibility accounting? Support your answer with relevant examples. (700 words) 

B629 Managing 2: Marketing and Finance

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