Budgeting that involves decisions such as whether to buy or lease equipment or build a new factory is referred to as: capital budgeting. operations budgeting. facilities planning. strategic planning. Which of the following is not a benefit of budgeting? Provides assurance that accounting records are in accordance with generally accepted accounting principles Coordinates the activities of the company by integrating the plans of all departments Requires managers to plan ahead and to formalize their objectives Sets realistic standards that serve as benchmarks for evaluating performance