ACC561 ACC/561 DQs Week 5 - 19488

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1.Pick a topic or concept from this week’s reading that you find interesting. Define the concept or topic and explain what you find interesting about this topic. In your discussion, discuss why it is relevant to this class and the accounting field overall. End your post by including a question to the class. In the subject line of your post, please indicate what concept you are discussing. This will allow others to know what has already been discussed so they can choose a different topic.

2.Review different budgets used in your organization or in an organization with which you are familiar. What are the uses of the types of budgets you reviewed?

3.What is a flexible budget? What types of organizations may use flexible budgets? Why are flexible budgets useful?

4.What are variances and why do these occur? When should one investigate budget variances? What factors would you consider when deciding whether to investigate a variance? As a manager, how you would you handle variances?

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2.Review different budgets used in your organization or in an organization with which you are familiar. What are the uses of the types of budgets you reviewed?

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