The goal is to reduce wastefulness and develop a tight, efficient budget. The management team knows that this will take time, so they plan to allow more time and additional resources in the budget process. For the next budget year, a complete review of all activities and functions will be undertaken. The controller has elected to use this year's master budget as the starting point for next year's budget process. Considering management's goals, did the controller make the most appropriate choice of budgeting methodologies?

Answer rating: 100% (QA)

The choice of using the current years master budget as the starting point for next years budget process can be considered a reasonable approach in the ... View the full answer