Differences in Accounting and Finance Case Study

Differences in Accounting and Finance - Case Study manakinIndustrial analysis always looks forward to analyzing the things in a perfect and well-organized manner. Budgeting is the most important thing from the viewpoint of an organization and the main perspective of this appointment also relates to the same (Joseph V. Carcillo). Basically, this is a case study analytical assignment, in which there are different questions that need to be answered accordingly.From the above-mentioned table, it is clear that that the sum expense required by the company is $ 726,900, hence the reckon should be higher than that of the same. It is required to allocate at least $ 1 million budget in order to finance all the things accordingly. Let compute the proportion of each attribute and then apply the same on the new budgetary line in order to get a certain amount of figures.The variances in the activities have been found from the remainder of each activity while the difference or variance in the t otal has been found from the net total figure amounting to $ 273,100. The new flexible budget is very much in the party favour of the company as a whole, as most of the things have low difference among the things. The newly allocated budget is well enough to analyze the same in total. Lets now move towards the third questionCost efficiency is an important factor from the viewpoint of an organization and every organization has to promise its cost both direct and indirect cost in order to become economically viable and efficient. In the scenario of the selected organization, it is found that the company is able to nurse some parts of its cost but not cent percent. The compensation of Directors have a high proportion of 47% of the total budget which is rather high and it should be decreased accordingly because the allocation of funds would disturb heavily merely because of this particular provision. If I will be in the aggroup of the board of directors, then I would not prefer thi s much of cost.