What steps should be considered if a budget is to be set and later have its results evaluated? What examples of these considerations can you share from your work experience

Q: Managers should be closely involved in preparing their responsibility accounting budget. How true is…

A: Generally, managers should be involved in preparing their responsibility accounting budget.

Q: How can budgeting assist a company in planning its workforce staffing levels?

A: Budget: Budget is an effective tool to achieve the financial and operational goals of the business.…

Q: Which provides the most benefit to an organization, a budget or the budgeting process? Why?

A: Budget: A budget is a systematic allocation of resources to different departments depending on the…

Q: managers duty to take appropriate action when accounting reports indicate

A: Managers are involved in planning and implementing appropriate actions to lead the organization…

Q: What is a standard cost? Group of answer choices The total number of units times the budgeted…

A: There are several type of costs that is being incurred in the business. Costs are the expenses and…

Q: Master budget is compiled of several operating budgets. Of these operating budgets, which budget…

A: the operating budget is such a statement that present the financial plan for each of the…

Q: What functional role do management accountants play in the budgeting process?

A: A budget is a type of financial plan that is used by managers to estimate revenues and expenses for…

Q: When developing a budget, an EXTERNAL factor to consider in the planning process is - Group of…

A: While planning process, both the internal and external factors are taken into consideration.…

Q: Which of the following is not considered a benefit of the budgeting​ process?   a. Gives managers…

A:

Q: Why is it important that a firm prepares a budget and how they analyze the ongoing performance? What…

A: Budgeting is a financial plan that helps the organization in effective utilization of its resources.…

Q: Help me explain in tagalog or english A budget plan is essential to the realization of the plans of…

A: Budget Plan Budget plan is important to the organisation to estimate the total expenditure and…

Q: Explain and justify how the budget will be used in the personal protective quipment and hazard pay…

A: A budget is basically setting up a finance limit of expenses towards a specific area.A budget can be…

Q: What are the benefits of budgeting?

A: Budgeting is the process of designing, implementing, and operating budgets. It is the managerial…

Q: A company can expect to receive which of the following benefits when it starts its budgeting…

A: Budgeting is the process of estimation of revenue and expenditure into the foreseeable future. It is…

Q: What are the benefits of tying a budget to the overall goals of the company?

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: What are the ethical provisions that needs to be followed in budgeting?

A: The process of allocating a company's financial resources is known as budgeting. Although necessity…

Q: What are the risks and benefits of both internal and external budget preparation?

A: Budgeting is a process in which selected organizations and individuals are assigned certain…

Q: indicate yes if the item is an important budgeting guideline orno if it is not. Employees impacted…

A: Budget: It is an estimated financial plan for the future time period. It is used by management as an…

Q: Which of the following is an example of the planning function of the budgeting process? A. A budget…

A: Budgeting process: The process of streamlining the future expenditure process by predicting or…

Q: What are some reasons to maintain actual costs in line with the budgeted amount? Describe the work…

A: The Answer :

Q: A company can expect to receive which of the following benefits when it starts its budgeting…

A: Benefits when it starts budgeting process: The benefit of budgeting process is to compare the actual…

Q: WHEN EVALUATING EMPLOYEE PERFORMANCE AGAINST BUDGETS, WHICH OF THE FOLLOWING REPORTS WOULD BE THE…

A: The correct option is option a.

Q: Which of the following is true in a bottom-up budgeting approach?   Group of answer choices…

A: Bottom-Up Budgeting Approach : It is one type of budgeting which starts from Bottom Departmental…

Q: how budget process fits into management’s planning process?

A: Planning as well as budgeting are critical components of managerial control. Efficient planning and…

Q: A budget represents a target and aiming towards a target can be a powerful motivator. However,…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What are the major objectives of budgeting? Briefly describe the type of human behavior problems…

A: 1. Objectives of budgeting: Anticipation of future financial condition and future needs for funds…

Q: How do I do a master budget? what are the steps and formulas i will need?

A: Budget: Budget is an effective tool to achieve the financial and operational goals of the business.…

Q: balance criteria in budgeting?

A: while making balance criteria in budgeting i always follow these steps; Establish your budgetBefore…

Q: A SMART goal is specific, making, actionable, relative, timely. significant, making, actionable,…

A: since you have asked multiple, we will solve the first question for you if you want any specific…

Q: measures will you provide to

A: To have quality recruits, a pool of candidates must be generated to allow for good selection…

Q: manager

A: What Is a cash Budget?A cash budget is Associate in Nursing estimation of the money flows of a…

Q: How does management use an operating budget?

A: All companies, large and small, have limits on the amount of money or resources they can receive and…

Q: Explain why it would be beneficial to prepare a cash forecast, or a cash budget, for an…

A: There are various reasons why cash forecast or cash budget is to be prepared. But the primary…

Q: Why is a clear understanding of management’s goals and objectives necessary for effective budgets?

A: Budgeting is a process of planning future expenses and income so that an organization ensure the…

Q: Why should the production requirements set forth in the production budget be carefully coordinated…

A: The production requirements are efficiently coordinated with the sales budget to ensure smooth…

Q: plain the financial aspects of planning and costing as embe

A: Budget : It is an expression of an organisation's plan, policies and programmes in the form of…

Q: Describe the role of a budget director.

A:

Q: Two standards that are established for evaluating budget performance are the cost standard and the…

A: Ans. Cost standard measures deviation between the actual cost and standard cost.  Whereas,…

Q: How do you create a project budget?

A: A budget is a financial representation of the estimated future incomes and expenses. There are…

Q: A detailed report to management comparing budgeted data with actual data for a specific time period…

A: Budget: Budget is an effective tool to achieve the financial and operational goals of the business.…

Q: Describethe best practices you would implement when budgeting for an organization.

A: Budgeting is the management regular process in an organization to determine the future outcomes, and…

Q: Briefly discuss the budgeting process  and explane  how  the budgeting process satisfies the purpose…

A: Budgeting process: The process of streamlining the future expenditure process by predicting or…

Q: Why is it necessary to determine and confirm scope and nature of budgetary planning activity with…

A: Budget: A budget is an estimation to determine the income that will be earned and expenses that will…