A company can expect to receive which of the following benefits when it starts its budgeting process? a. The budget provides managers with a benchmark against which to compare actual results for performance evaluation. b. The planning required to develop the budget helps managers foresee and avoid potential problems before they occur. c. The budget helps motivate employees to achieve sales growth and cost-reduction goals. d. All of the above

b) ‘Budgeting has a number of different purposes including: Planning; Control; Performance evaluation; Motivation. Some managers believe that zero-based budget is more beneficial than other types of the budget for firms.’ Required: Critically discuss the above statement with reference to academic literature. In your discussion, you should refer to the budgeting systems you learned in this module.

A SMART goal is specific, making, actionable, relative, timely. significant, making, actionable, relative, timely. specific, measurable, attainable, realistic, time frame–specific. A budget is a way of tracking expenditures and making sure you spend it on what is important to you. making sure that most of your income is spent on rent, food, and other necessities. tracking expenditures and limiting them as much as possible.   What should you do first if you realize your expenses exceed your income? Have a weekly game night with friends. Identify ways to make cuts. Start saving. All of the following choices are good ways to avoid credit card debt EXCEPT paying off your entire credit card balance each month. making minimum monthly payments within the grace period. using your credit card only when necessary. If you have credit card debt, what is your BEST plan of action? Stop using your credit cards and start paying off the debt. Wait…

Budgets need to be fair and attainable for employees to consider the budget important in their normal daily activities. Which of the following situations will likely lead to human behavior problems? a. allowing employees the opportunity to be a part of the budget process b. setting goals too loosely, creating a budgetary slack c. setting goals that are consistent across the firm d. setting goals that are reasonable and attainable

Subject - account  Please help me.  Thankyou.

Which of the following is not an advantage of budgeting? a) Forces managers to planb) Provides information for decision makingc) Guarantees an improvement in organizational efficiencyd) Provides a standard for performance evaluatione) Improves communication and co-ordination

When a company develops and implements a master budget, there is a tendency to incentivize adherence to the goal with bonuses or by tying the employee compensation plans to the achievement of the budget goals. What are some opportunities and risks of these financial incentive programs?

Provide a letter of advice:• discuss the key results of the income statement and cash budget• make one suggestion on how the client could improve the financial success of the cost management strategy• identify and discuss one non-financial factor that might affect the client’s decision to proceed with the chosen proposal• clearly state whether the client should proceed with the chosen proposal and why

Why does a company's budget need to be closely linked to the needs of good strategy execution? Why might a change in strategy call for budget reallocations?

The budgeting process does not involve which of the following activities?   a. periodic comparison of actual results to goals   b. increased marketing efforts to boost sales   c. execution of plans to achieve goals   d. establishment of specific goals