Differences in Accounting and Finance Case Study

Differences in Accounting and finance - Case Study ExampleIndustrial analysis always looks forward to analyzing the things in a stark(a) and well-organized manner. Budgeting is the most important thing from the viewpoint of an physical composition and the main perspective of this assignment also relates to the equal (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 total expense required by the company is $ 726,900, hence the budget should be higher than that of the aforesaid(prenominal). It is required to allocate at least $ 1 million budget in send to finance all the things accordingly. Let compute the proportion of each attribute and whence apply the same on the new budgetary line in run to get a certain quantity of figures.The stochastic variables in the activities have been found from the difference of each acti vity while the difference or variance in the total has been found from the net total figure amounting to $ 273,100. The new flexible budget is real much in the favor of the company as a whole, as most of the things have pocket-size 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 control 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 control some part of its cost but not cent percent. The compensation of Directors have a high proportion of 47% of the total budget which is quite high and it should be decreased accordingly because the allocation of funds would allude heavily merely because of this particular provision. If I will be in the team of the board of directors, then I would not prefer this much of cost.