1. Discuss the factors that are likely to cause managers to submit budget estimates of sales and costs that do not represent their best estimate or expectations of what will actually occur.

2. Suggest, as a budget accountant, what procedures you would advise in order to minimize the likelihood of such biased estimate arising.

Answer rating: 100% (QA)

Budgets are basically financial plans or financial targets for future Budgets are prepared for whole year and are then divided on a month on month bas... View the full answer