Word Limit: XXXXXXXXXXPlease use word count option in assignment.
Due date: 11 June 2020 at 12.30 pm Sydney time

journal-assign-3xkoyb2x.docx

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Word Limit: XXXXXXXXXXPlease use word count option in assignment.Due date: 11 June 2020 at 12.30 pm Sydney time

Rithik · Accepted Answer

REFLECTION ON JOURNAL AND ASSIGNMENT
Table of Contents
Introduction	3
1. Reflecting on the Selected Paper and Critiquing its Appropriateness	3
2. Reflecting on the Research Experience	3
3. Reflecting on the Lessons Learnt from the Assignment and Relevance to Budgeting as a Management Technique	4
Conclusion	4
References	5
Introduction
The budgeting plays a significant role in the business activities as it helps the frame the upcoming policies with the help of the financial information of the company and at the same time, it is even helpful for forecasting the business strategies, which provide the financial assistance in order to frame the new business policies. Therefore the term budget is defined as a forward looking set of numbers, which also working on the computation of the algorithm, which projects and focuses the future financial performance of the business. Besides that, the budgeting system is very useful to predict the financial information of the business.
1. Reflecting on the Selected Paper and Critiquing its Appropriateness
The provided article has been published by King, Clarkson and Wallace (2010), has been proven to be really helpful to me. The paper is extremely informative and holds great importance to me in explaining about the processes of budgeting. In the paper, the budgets have been recommend for the purpose of planning, monitoring and controlling the business activities with the respect of the each thought of the assist business in order to achieve the profitability. A business performance is stated based on the positively associated with the degree of the fit between the extent of the budget use and even its contingency factors (Azzimonti, Battaglini & Coate, 2016). In order to identify the necessary contextual factors that is very essential to make the budgeting process. First, I need to understand what is the size and a relatively small business that works on an extensive budgeting practices, which have similar type of budgeting practice will have unnecessarily expanded the resources and implementing the operating practice. In the fact of the informal communication, which is in practical and likely to be preferred. On the other hand, a relatively large business without a formal budgeting practice find both the communication and co-ordination problems, which is associated with the large number of the employees.

Word Limit: XXXXXXXXXXPlease use word count option in assignment. Due date: 11 June 2020 at 12.30 pm Sydney time

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