Why is budget important? Group of answer choices -It gives stakeholder good information about financial statement; -provide a good orderly management activities within an organization; -it is important to create balance sheet; -It is useful to manage liabilities.

Q: Outdoor Outfitters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of…

A: Comment- Multiple Questions Asked 5) Flexible Budget-   A flexible budget refers to the  budget that…

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: q: Budgeting: The various activities within a company should be coordinated by the preparation of…

A: The budget has the following different functions: Forecasting: This entails making a determined…

Q: 4. The following are characteristics of an effective budget, EXCEPT: A. Goals should be attainable.…

A: Hi student Since there are multiple question, we will answer only first question.

Q: A very important role of the cash budget is to * O O Determine how to finance dividend payments O…

A: The cash budget record all the cash receipts and cash payments made during the period.

Q: What are the differences between top-down and bottom- un budgeting?

A: Lets understand the basics. Budget is prepared in order to estimate profit and loss for the future…

Q: The preparation of an organization's budget a. forces management to look ahead and try to see the…

A: Introduction:- Budgets have play vital role in every organization. So it can be used to identify…

Q: A budget: A.is used to determine if a product should be continued or discontinued B.complies…

A: The budget is prepared by the business organizations so as to know the expected revenue and expenses…

Q: Discuss the human resources movement view of motivation 2) Discuss the different type of operating…

A: 1.Discuss the human resources movement view of motivation The human relations movement in…

Q: Describe the importance of Budgeting in the Business

A: Budgeting entails planning in order to support an organization's planned goals. Every business must…

Q: What would you consider to be a diagnostic analytics technique in management accounting? Multiple…

A: Hi studentSince there are multiple questions, we will answer only first question.Management…

Q: 8- Which among the following is a tool of management accounting? a. Risk analysis b. All the…

A: Management accounting refers to the managing of the operations of the business. It is basically…

Q: Question 2 Budgeting is a very useful process for any organisation and it is essential in a number…

A: It can be termed as estimation of revenue and expenses that can happen in a future. In a simple…

Q: These statements are proper to the budgeting process except A It is part of management's…

A: Budgeting is a crucial process in the management of any organization, whether it is a small business…

Q: 3. For budgets to be effective: ) A. Objectives should be attainable. B. There should be management…

A: Budget: It is financial plans in relation to the accomplishment of company objectives for a definite…

Q: What is the purpose of a budget in financial management? a) To record and report financial…

A: Financial management refers to the process of planning, organizing, directing, and controlling the…

Q: OUTLINE 2 ADVANTAGES THAT CAN BE DERIVED FROM PROPER BUDGETING PRACTICES WITHIN THE ORGANIZATION

A: A budget is a plan with regards to income and expenses of an organization. It is a forward looking…

Q: Explain why budgets are useful and how management philosophy can influence the budget process.

A: Budget is the estimated data which is prepared or estimated in advance, in simple terms before…

Q: Explain standard costing and state the any 3 types of standards. State the importance of standards.…

A: Standard Costing : It's a branch of cost accounting that's used by a manufacturer, for example, to…

Q: What is not an example of private sector performance measuremer practices used in the public sector?…

A: Performance measurement are used to measure performance of the private sector.

Q: how can I apply MIS ( management information system ) successfully in this topic: A PERSONAL…

A: Management accounting is the act of distinguishing, estimating, investigating, deciphering, and…

Q: . Budgeting involves ________. establishing specific goals executing plans to achieve the…

A: Budgeting: The act of developing a strategy for how to spend your money is known as budgeting. A…

Q: Day-to-day decision making is most common to which of the following activities managers are expected…

A: Manager has to decide or make various strategy and decision to achieve the objective of the…

Q: what is contemporary organization and would you recommend budgeting for contemporary organisations…

A: Contemporary organization It is a type of organizational structure that is fluid and it is easy to…

Q: ​_______ can be defined as compelling events to go according to plan.   A. Budgeting   B. Management…

A: Compelling events are events that forces to take some decision.

Q: In pursuing its goals, an organization does all of the following except: Multiple Choice Engage in…

A: An organization is a group of people united to achieve a common objective of making a profit for the…

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: Control is the process that includes the following except:

A: Control is checking current performance against pre-determined standards contained in the plans,…

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: 1.In your own words what is budgeting? 2. What is financial planning and how it is important to the…

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

Q: While the operating budgets reflect the operating activities of the company, the financial budgets…

A: Cash Flow Statement - Cash Flow Statement includes three major activities like operating, Investing…

Q: what is another name for tactical planing a) Budgetary planing  b)  operation planing c)…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Q1   Describe the role of the following personnel:   i. Auditor General ii. Accountant General…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: Please select the correct answer “Communication” a.is when a department is willing to prepare a…

A: Communication is the mutual exchange of information between the sender and receiver. Communication…

Q: Which method of budgeting was developed in the 1970s to control spending? Group of answer

A: A budget is an estimate  of income  and  expenses  for an expected  period of time

Q: Development of Budget

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

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

A: The statement which we prepare for the purpose of estimating the expenses and income of a person or…

Q: Discuss any three advantages of budgeting? The subject is Managerial Accounting.

A: Budgeting:-It is a process of creating a plan for how to spend money. This spending plan is called…

Q: 1. Why we preparation of budget ?

A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…

Q: What is the objective of preparing an operating budget and its significance to the success of the…

A: Budgets are important in planning and forecasting  the revenue and expenditures of a business. A…

Q: true and false a. Developing a budget is a critical step in planning any economic activity. This is…

A: Budget is needed for all businesses, governmental agencies as well as for individuals.