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Budget

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Budget

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • June 19, 2017 at 7:35 am #393456
    adarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    Hi John!

    I am having some issue to understand the idea of feed-forward control. Could you explain it?

    Thanks.

    June 19, 2017 at 12:52 pm #393482
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54709
    • ☆☆☆☆☆

    Suppose you have prepared a budget for next month and realise you are going to make a loss.

    As a result you might decide to change your plans (for example you might decide to increase the selling price) in order not to make a loss.

    That is an example of feed-forward control.

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Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Budget’ is closed to new replies.

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