What are three purposes of budgeting? What are the purposes of a master, planned operating, and financial
Fantastic news! We've Found the answer you've been seeking!
Question:
- What are three purposes of budgeting?
- What are the purposes of a master, planned operating, and financial budget?
- How does the management by exception concept relate to budgeting? ➢ What are five basic principles which, if followed, should improve the probability of preparing a meaningful budget? Why is each important?
- What is the difference between an imposed budget and a participatory budget?
- Define and explain a budget variance.
- What are the two major budgets in the master budget? Which should be prepared first? Why?
- Distinguish between a master budget and a responsibility budget.
- Management must make certain assumptions about the business environment when preparing a budget. What areas should be considered?
- Why is budgeted performance better than past performance as a basis for judging actual results?
- Describe the concepts of just-in-time inventory systems and zero-base budgeting.
Related Book For
Business Communication
ISBN: 978-1439080153
8th edition
Authors: Buddy Krizan, Patricia Merrier, Joyce P. Logan, Karen Schneiter Williams
Posted Date: