Coursecase
Running Head: Course Case
ACC 561 Course Case: Research and Application 9-24
Bobby Williams
Professor William Blix
Strayer University
March 11, 2011
Table of Content
Abstract…………………….…………….………………………………………………… 3
P&G Strategy ……...……………………………………………………….……………… 4
P&G and Federated Department quarterly sales trends. …………………..….…….……… 5
P&G’s business scope ………………………...………………………………...….………. 5
P&Gs sales and expenses uncertainties forecast. ……………………………………...…. 5/6
How an Enterprise System helps a globally dispersed company………….………...….….. 6
Gillette different cultural norms…how could differences in two organizations’ budgeting practices be responsible for these types of divergent cultural norms? …….……...………. 6
Conclusion. ……………………………………………………………………….…….… 7
References ……………………………………………………………..………….………. 8
Abstract
Throughout, history companies have always had an innovative methodology of maximizing profits or services in ways to stand out above their competition. In order for a company to stay in tune with the overall company’s objective, they have to develop some method of planning and control, which is called budgeting. (Brewer, Garrison, Noreen, 2010) The budget is the beginning of a plan of behavior expressed in monetary terms. It plays a critical role in planning, controlling, and decision-making. Budgets also offer healthier communications and harmonization amongst all stages of management. (Abello, 2010) This research will analyze data as to how Proctor and Gamble (P&G) and Federated Department Stores budgets reflect reality.
P&G’s Strategy P&G strategy for success in the marketplace is to plan for the long-term health of the company and of course to make sure they keep their shareholder happy as well. They believe that this will be achieved by the following ways. By increasing the growth of their organic market faster than their competitors, delivering higher earning per share and generate free cash flow productivity 90% or
ACC 561 Course Case: Research and Application 9-24
Bobby Williams
Professor William Blix
Strayer University
March 11, 2011
Table of Content
Abstract…………………….…………….………………………………………………… 3
P&G Strategy ……...……………………………………………………….……………… 4
P&G and Federated Department quarterly sales trends. …………………..….…….……… 5
P&G’s business scope ………………………...………………………………...….………. 5
P&Gs sales and expenses uncertainties forecast. ……………………………………...…. 5/6
How an Enterprise System helps a globally dispersed company………….………...….….. 6
Gillette different cultural norms…how could differences in two organizations’ budgeting practices be responsible for these types of divergent cultural norms? …….……...………. 6
Conclusion. ……………………………………………………………………….…….… 7
References ……………………………………………………………..………….………. 8
Abstract
Throughout, history companies have always had an innovative methodology of maximizing profits or services in ways to stand out above their competition. In order for a company to stay in tune with the overall company’s objective, they have to develop some method of planning and control, which is called budgeting. (Brewer, Garrison, Noreen, 2010) The budget is the beginning of a plan of behavior expressed in monetary terms. It plays a critical role in planning, controlling, and decision-making. Budgets also offer healthier communications and harmonization amongst all stages of management. (Abello, 2010) This research will analyze data as to how Proctor and Gamble (P&G) and Federated Department Stores budgets reflect reality.
P&G’s Strategy P&G strategy for success in the marketplace is to plan for the long-term health of the company and of course to make sure they keep their shareholder happy as well. They believe that this will be achieved by the following ways. By increasing the growth of their organic market faster than their competitors, delivering higher earning per share and generate free cash flow productivity 90% or
References: Abello, Lovell, (2011) Core Concepts: Corporate Budgeting, Retrieved March 11, 2011 from www.suite101.com/content/core-concepts-corporate-budgeting-a251705 Brewer, P., Garrison, R., Noreen, E., (2010) Advanced Managerial Accounting: 2010 Custom Edition. The McGraw-Hill Companies, pg. 18, pg. 372 -416 Federated Department Stores, Inc., (2005) Form 10-K, Securities and Exchange Commission, Retrieved March 11, 2011 from http://sec.gov/Archives/edgar/data/794367/000095015205002623/l12973ae10vk.htm#020 P&G (2005) Balance and Leadership 2005 Annual Report, Retrieved March 11, 2011 from http://www.pg.com/en_US/downloads/investors/annual_reports/2005/pg2005annualreport.pdf P&G (2011) Company Strategy Strategic Focus, Retrieved March 11, 2011 from http://www.pg.com/en_US/investors/company_strategy.shtml