Discuss in long explaination how public sector budgets reflect accountability.... explainations and examples

Q: Many accountants believe that the most important benefit of the master budgeting process is the…

A: Master budget: The master budget is the core budget that describes the full process of budget. This…

Q: 5) Why may flexible budgets be more important to a government's business type activities than to its…

A: Flexible budget refers to the budget that adjusts with the change in volume or activity level of the…

Q: nd it

A: A budget committee is an official organization responsible for developing and overseeing the…

Q: Explained how the company's budgetary control system could be revised to improve its effectiveness.

A: The company is work on the budget to be initially made with a view to follow the pattern…

Q: List at least three important behavioral issues related to the capital budgeting process

A: The question is based on the concept of behavioral biases in capital budgeting process , capital…

Q: Conclusion on the capital budge

A: The question is based on the concept of capital budgeting techniques and financial benefits of…

Q: Illustrate and explain budgeting as a managerial tool in government organizations to account for…

A: Managerial tools can be defined as those supportive business management tools which help the…

Q: budget prepared

A: Annual Budget-: An Annual Budget lays out a firm's projected earnings and expenditures for a year or…

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

A:

Q: Complete the Capital Budgeting Schedule

A: Required return 12%         Year 0 1 2 3 4 Cumulative cash flows -220,000 110400 110400 110400…

Q: Which of the following is NOT an objective of the budgeting process?  Group of answer choices a -…

A: Budgeting is a process to plan about the activities for the business with developing goals so as to…

Q: How are budget results shown in the financial reporting of a state or local government?

A: Comparisons between the original budget, the final budget (as amended) and actual figures must be…

Q: Required: Identify the problems that appear to exist in the company’s budgetary control system and…

A: Budgetary Control System:- It is a system in which the actual income and expenditure of the company…

Q: Describe the legislative process for budget review and adoption

A: Parliamentary participation in budgetary matters becomes more significant (Posner and Park 2007).…

Q: On what do the government-wide financial statements report?   Multiple Choice   Operational…

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

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: Distinguish among beta (or market) risk, within-firm (or corporate) risk, and stand-alone risk for a…

A: i) Beta(or market ) risk- is the risk of an asset in relation to the performance of the market and…

Q: At any one time, should the same WACC be usedto evaluate each of a company’s capital…

A: Introduction: WACC reflects the weighted average capital costs. It is the measurement of weighted…

Q: A cash budget serves as a crucial guide in presenting information on the strength of an…

A: Organizational liquidity relates to an organization's speed, flexibility, scalability, acceleration,…

Q: In the financial planning process it is critical to… 1-follow past budgets  2-allow new ideas to…

A: A process under which the requirement of the capital is estimated and plans are formulated with…

Q: In your own words, explain comprehensively the government budget process. Why is there a need for…

A: Budget is a process whereby estimated amount of expenses and revenues are allocated to each…

Q: Discuss how are budgets used to help organizations plan for future and how are budgets used for…

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

Q: Explain what responsibility accounting is and how budgets are used in responsibility accounting. How…

A: Responsibility accounting: Responsibility accounting includes accounting and forecasting. It assists…

Q: How regulatory role of the government is different from its other roles under Public finance and…

A: Government regulation affects the financial services industry in many ways, but the specific impact…

Q: Development of Budget

A: Budget is prepared to make projections of income and expenses of an entity at the discretion of…

Q: he objectives of budgeting are to: a. Establish specific goals for future operations b. Execute…

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

Q: Budget comparison schedules or statements are needed for which funds? Should the budgetary…

A: Here is the answer:

Q: Where is the Fed Funds rate as of today? Are there any other steps that can be taken by the…

A: Fed funds rate is termed as the interrst rate that is applied on the loans which financial…

Q: What justification you would give to the firms board of directors for creation and maintenance of…

A: Training and development is the process of educating the employees about the work and culture of…

Q: geting can be adopted by a local ba

A: Activity Based Budgeting is the process of making a budget in which all the costs are as per the…

Q: Can you explain how budgetary accounting contributes to achieving budgetary control over revenues…

A: Budgetary control: It is a financial tool for managing income and expenditure. In other words,…

Q: Discuss reasons why companies would establish a formal budgeting process for their businesses.

A: A business budget is a dynamic financial plan that is used to forecast a company's expected income…

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…

Cash budget

A cash budget is an estimate of an organization's cash flow for the future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future. If cash receipts are insufficient to cover future expenses, an organization may plan to obtain funds from other sources. After estimating the sales, purchase, and capital expenditure budgets for the year, management develops a cash budget. These budgets are created to ensure that an organization's cash flow is managed. It is important to note that only cash transactions are recorded when actual cash enters and exits an organization.