indicate yes if it describes a potential benefit of budgeting orno if it describes a potential negative outcome of budgeting. Budgets are useful in assigning blame for unexpected results.

Q: Which of the following statements about budgeting is incorrect? a. Budgets provide direction and…

A: a ) Budgets provide direction and coordination.      This statement is correct because budgeting…

Q: Some critics of budgeting believe that budgets are effective tools for planning but not for…

A: The question is based on the concept of budgeting and its utilization in management decision making.…

Q: Briefly describe the type of human behavior problems that might arise if budget goals are set too…

A: Budget is a tool which is used in the planning and controlling process by estimating the revenue and…

Q: Define the terms relative-performance (relative-improvement) contract and rolling financial…

A: Relative performance: It is related to the evaluation of the performance of an individual based on…

Q: What are the advantages and disadvantages of the participatory approach to budgeting?

A: Participative budgeting is a budgeting process in which the people who are in the lower levels of…

Q: When a manager is prohibited to exceed its spending from the allowable budget, it may Select the…

A: The question is related to the Budgetory control. When managers are prohibited to exceed its…

Q: Briefly describe the type of human behavior problems that might arise if budget goals are set too…

A: A budget is a financial plan for a defined period, often one year. It may also include planned sales…

Q: What factors can contribute to unsuccessful budgeting? How can these situations be avoided?

A: Introduction: Budgeting is a collection of tasks done to plan a budget. A budget is a quantitative…

Q: What is a “replacement chain”? When and how should replacement chains be used incapital budgeting?

A: The method which can be used to choose best among the more than two mutually exclusive capital…

Q: What are some of the risks of failing to create and manage budgets?

A:

Q: Budgets are the best management tool, but I think they can cause arguments and disagreements between…

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

Q: Please provide a brief description of the types of human behavior issues that might develop if…

A: The Question explains about the types of human behavior issues that might develop if budget targets…

Q: Budgets

A: following statements is true.

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 not a part of budgeting?A. planningB. finding bottlenecksC. providing…

A: Budgeting is an important process in management accounting. Budgets means estimates or forecasts…

Q: Budgets are half-used if they serve only as a planning device? Explain.

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Sometime the budgetary performance is seems to be a misleading and less effective if it is consider…

A: Budget: It is an estimated and effective way of the utilization of funds for the financial control…

Q: indicate yes if the item is an important budgeting guideline orno if it is not. Goals in a budget…

A: Budgeting: Budgeting is a very important process in managing the future financing affairs of a…

Q: indicate yes if it describes a potential benefit of budgeting orno if it describes a potential…

A: A Budget is a summary of expenses prepared by Companies to find the costs to be incurred on…

Q: 1. How does incremental budgeting differ from program planning budgeting? How does it differ from…

A: ‘Budgeting’: It is a process which refers to estimation of future revenues and expenses, for a…

Q: Identify at least two potential negative outcomes of budgeting.

A:

Q: A. Differentiate between traditional budgeting and zero base budgeting.  B. Recommend one of these…

A: Budgeting refers to making an estimation for the revenue and expenses to be incurred in a specific…

Q: Thikk It Through: Errors in a Budgeted Balance Sheet open: Which error has the potential to cause…

A: Budgeted Balance Sheet:-It is a balance sheet where the company decided its assets, liabilities, and…

Q: Briefly describe the type od human behavior problems that might arise if budget goals are set too…

A: Budgeting is defined as the process or procedure, which used to prepare the plan regarding the…

Q: The accountant perspective of the budget views the budget as a rational decision-making tool? True…

A: Budgeting is the process of estimating the profitability, business requirements like production…

Q: indicate yes if it describes a potential benefit of budgeting orno if it describes a potential…

A:

Q: Which stakeholders might be more interested in the budget rather than the financial statements? Why?

A: Stakeholders of the organization are the people having some kind of interest vested in the…

Q: Why is it important to follow ethical provisions in making budgeting model?

A: Ethics implies the arrangement of rules that the association ought to follow. While in business,…

Q: Ethical Considerations. Budget projections always involve a degree of judgment because managers can…

A: Budget may be defined as the estimated statement prepared for the estimation of amount of revenues…

Q: “Budgeted performance is a better criterion than past performance for judging managers.” Do you…

A:

Q: What assumption is implicitly made about cost behavior when a budget is directly compared toactual…

A:

Q: ting and zero-base budgeting And Recommend one of these budgeting methods to Pearson & Litt and…

A: Difference between traditional budgeting and zero-based budgeting:

Q: Focusing on improving the activities that are showing significant differences between budgeted and…

A: Management by Exception is a management strategy which focuses only on the deviations of actuals…

Q: Write a essay to explain the purpose of a cash budget and an income statement, and compare and…

A: Introduction: Cash budget can be defined as estimation of inflows & outflows for a particular…

Q: What behavioral problems are associated with setting a budget too loosely

A: Budget:   Budget is an effective tool to present the estimated actions for future time period. It…

Q: Budgeting systems should be subjected to the cost-benefit approach

A: Budgeting represents the procedure of preparing a budget by the company in order to estimate the…

Q: What does a flexible budget performance report do that a simple comparison of budgeted to actual…

A: Flexible budget performance report:   A tool used to compare the actual and budgeted results…

Q: Which of the following is true of budgeting? a.Budgeting relies on the control cycle to design the…

A: Introduction: Budgeting: Budgeting is an planning or an estimation for the future. Types of budgets:…

Q: budget performance is abetter critical than past performance for judging managers" do you agree…

A: For judging the current performance  we need a benchmark against which we can see and compare and…

Q: How can sensitivity analysis be used to increase the benefits of budgeting?

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

A:

Q: Is participative budget more favorable than impose budget? Justify your answer

A: Introduction:- Participative budgeting is an essential budgeting method that allows organizations to…