Proposal Essay Example | Topics and Well Written Essays - 750 words - 3

Proposal - Essay Example It discussed the timing and frequency, as well as tools and sources of information. Forecasting methodologies were also explained with a brief discourse on how to interpret the forecasted data. The goal of the authors in this book is to present accounting as an essential part of the decision making process of various users such as the voter, the taxpayer, the government official, the business manager, and the investor. It discussed relevant issues on the analysis and preparation of financial statements and their utilization to achieve a company’s objectives. Viscione aims to teach the student or the manager to use financial analysis in the decision making process. The book covers topics such as evaluating financial performance, tools for financial planning, cost of capital and capital budgeting techniques, among others. Abstract: The research aims to determine the rationale for managers opting to pad their budgets to address contingencies. It would discuss implications of padding the budget and find out alternative methods to meet financial challenges given the uncertainties in the competitive environment. This chapter clearly showed alternative options available to managers to avoid padding the budget. It also presented concepts in budgeting which would help a decision maker in making plans and strategies for control. The authors presented a concise section on capital budgeting techniques and other aids to managerial decisions. Theories on capital budgets are clearly explained and practical applications are explored through demonstration problems and exercises. Capital budgeting techniques were clearly presented through a discussion of measuring the rate of return of an investment. Topics on the determination of cash flows and other additional considerations to aid in the decision making process are also