You recently attended a workshop on budgeting and overheard the following comments as you moved toward the
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Question:
You recently attended a workshop on budgeting and overheard the following comments as you moved toward the refreshment table.
1. "Budgets look the same regardless of company size and the role the budget process plays in management."
2. "Budgets can include financial or nonfinancial data. At our company we plan the number of hours to be worked and the number of customer contacts we want our sales people to make."
3. "All budgets are complicated. You have to be an expert to prepare one."
4. "Budgets do not need to be highly accurate or very meaningful. No one stays within a budget at our company."
Do you agree or disagree with each comment? Explain.
Related Book For
Managerial Accounting
ISBN: 978-1133940593
10th edition
Authors: Susan V. Crosson, Belverd E. Needles
Posted Date: