As I see it, budgeting boils down to taking the results of the last reporting period and
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‘As I see it, budgeting boils down to taking the results of the last reporting period and adjusting the data for the new reporting period. Budgets based on past performance are of little value. Therefore I cannot justify the setting up of a budgetary system because costs would appear to exceed benefits.’ Discuss.
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Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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