Question

Question 1

Comprehensively assess the impact of the Budgeting and Budgetary Control practices on Financial Performance of any Private University or University College in Ghana of your choice.

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Question 2

Discuss with appropriate empirical evidence the major pricing decisions that must be made by managers highlighting the current price decision models, and suggest the developments necessary before pricing decisions can become more “scientific” in orientation.​

Answer 1

Question 1-

Answer = A Budget simplyrefferes to future plan of action .and a budgetary control is a technique used to effectively manage the financial resources in an organisation .

Impact of a budgeting and budgetary control on financial performance of a private university in Ghana .

1) Effective planning and control .

With the help of a budget organisation can draw an effective plan .there will not be uncertanity regarding future content .

2) A yard stick to evaluate actual performance .

by using a budgetary control system oeganisation can measure the actual performance with standered .

3) Reduce over all cost and expenditure .

Organisation can estimate fiture expenditure with the help of budget.so it will redice unwanted expenses .

4)Find out most profitable course of action .

Organisation can effectively find out most profitable course of action among number of alternatives .

5) Helps in forecasting

With the help of a budget and budgetary system organisation can understand upcoming income and expenditure.

6) Providing an early warning for potential problem .