Q.What are the four elements of the budgeting cycle?

Q: is the function of a budget?

A: Budget is nothing but planned allocation of revenue and expenses so that it help organization the…

Q: what are the first two steps of a master budget? and are there formulas that are used for those…

A: The first two steps of a master budget are as follows: 1) Preparation of sales budget. A sales…

Q: Explain the benefits of budgeting.

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

Q: a standard

A: A budget usually refers to a department's or a company's projected revenue, costs, or expenses. A…

Q: Define the term budgeting cycle.

A: Budget Cycle: The budget cycle refers to the whole time period starting from the creation of the…

Q: __________________is the cornerstone of the master budget?

A: The  Answer

Q: What is continuous budgeting?

A: Continuous budgeting refers to when a budget of a month ends, immediately the succeeding month…

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: List the four budgeting objectives.

A: Budgeting:   Budgeting is the process where the planning is made for spending less than the earning.

Q: What is a self-imposed budget?

A: Budget:   It is a statement of estimated revenue and expenditure for a specific period.

Q: What is a budgeting cycle? Explain?

A:

Q: A budget w irrespective called?

A: Option (B) fixed budget is the correct answer.

Q: Describe the benefits of budgeting.

A:

Q: What are the benefits of Kaizen budgeting?

A:

Q: What is the first step in preparing a master budget ?

A: The master budget seems to be the budget that combines all of the other budgets into a single budget…

Q: what are Detail the steps in the budget process.

A: A budget is a tool for organizing, carrying out, and managing operations of a company to make the…

Q: List and explain three levels involved in budgeting process

A: Budgeting can be defined as the process of putting a budget in place. This process includes planning…

Q: Q.Describe the steps in developing a flexible budget.

A: Flexible Budget: A flexible budget is a financial plan prepared for a particular period of time on…

Q: What are the three main types of budgets?

A: The three main types of budgets: 1. Incremental budgeting:With incremental budgeting, the current…

Q: What are the three major objectives of budgeting? Under what circumstances would a static budget…

A: Budgeting is a planning measure by which Business Entity make plan for the expected revenues and…

Q: Give three examples of Kaizen budgeting?

A:

Q: budget flexed? Give an Example.

A: Flexing of budget is a method used to prepare estimates of the future level of revenues and…

Q: What is life-cycle budgeting?

A: Budgeting:Budgeting refers to preparation of financial statements that show all the incomes and…

Q: what are the 3rd and 4th steps to a master budget? Are there formulas that go with these steps?

A: Master Budget: The master budget is the core budget that explains the complete process of the…

Q: what are the three major objectives of budgeting?

A: A budget is a thorough roadmap of a company's economic activity. It is planned for the future based…

Q: Explain the role of budget in management cycle.

A: Management: It is an art of getting things done by others. The others include the employees of…

Q: What are the four elements of the budgeting cycle?

A: Budget Cycle:The budget cycle refers to the whole time period starting from the creation of the…

Q: Based on the above information what is the budgeted

A: Fixed cost is the cost that remains the same at every level of activity. The company can produce any…

Q: What is a budget?

A:

Q: What are the various kind of budgeting and critically compare the fixed and variable budgeting and…

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

Q: How does activity-based budgeting explain the logic of budgeting?

A: Activity based budgeting: It is a budgeting system where budgets are prepared based on the expected…

Q: What is a budget? What is budgetary control?

A: Managerial accounting:   Managerial accounting is more focused towards analyzing information and…

Q: How to compute the flexable budget items.

A: Flexible Budget: When the sales volume and price value and production volume etc  stable conditions…

Q: What is a budget contingency and what are three reasons it might be useful?

A: In the context of project management, a contingency budget is a sum of money set aside to cover…

Q: different budgetary types and identify the main characteristics of each

A: Different types of Budgetary Methods are: Incremental Budgeting. Activity-Based Budgeting. Value…

Q: Please list the three major objectives of budgeting.

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

Q: What is the benefit of continuous budgeting?

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

Q: discuss the different budgetary types and identify their main characteristics

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

Q: Explain the role of budget in management cycle?

A: Budget is the term which is defined as the financial plan for particular period, generally for one…

Q: Define the term cash budget and give an example.

A: Budgets are used by governments, organizations, and individuals to estimate revenue and expenses for…