asked 144k views
1 vote
Compare and contrast Borealis’old financial plan-ning and control system with its new system.

1 Answer

6 votes

Answer:

Old: Budget controlled by financial controller

New: Budget not controlled by financial controller

Old: Budget provide control over cost structure

New: Set target for variable and fixed costs by benchmarking competitors

Old: No freedom to spend money

New: Freedom to spend money to meet benchmark.

answered
User Loriana
by
8.6k points
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