what is problems in budgeting and give the examples

Q: What are the advantages and disadvantages of bottom-up budgeting process? What is budgetary slack?…

A: Bottom-up Budgeting Process It is a budgeting method that starts at the department level and moves…

Q: How does doing budget benefit companies?

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

Q: “The sales forecast is the cornerstone for budgeting.” Why?

A:

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: One of your colleagues comments: ‘The time span involved in life-cycle budgeting makes it too…

A: Life cycle budgeting is the process of assigning all costs that the owner of an asset will incur…

Q: hat are the advantages and disadvantages of the new way of beyond budgeting?

A: Beyond budgeting - It is a concept which focuses on the adaptive management process and encourages…

Q: 1(a)  "Accounting plays a relatively unimportant role in budgeting." Do you agree? Explain.  (b)…

A: 1 (a) “Accounting plays a relatively unimportant role in budgeting” this statement is not correct…

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: 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: Explain the Budget Process.

A: For companies of all sizes - be it a large company or a medium or small enterprise making budgets is…

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: 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: What is a flexible budget? Explain how a flexible budgetincreases the usefulness of budgeting as a…

A: A flexible budget is a budget that can be easily adjusted to reflect the changes in the volume of…

Q: 1. Financial Forecasting vs. Financial Modelling. Explain the difference.

A: In finance we often use financial forecasting as well as financial modelling. Though both financial…

Q: what is the difference between bottom up and beyond budgetin

A: Budgeting is the process of determining the expected costs and revenues for a particular period by…

Q: Which is better the old-fashioned way of TOP DOWN budgeting, or the new way of BEYOND BUDGETING and…

A: Budgeting refers to a predefined strategic systematic plan developed by a business enterprise…

Q: Define the term Budget, Budgeting, Budgeting Control and explain the advantages and limitations of…

A: Preparation of budget is an important activity under the purview of costing techniques followed.…

Q: What are the benefits of budgeting?

A: Budget means future forecast of the business. Budgeting is a process of making budgets. For example,…

Q: Q3:-what is the difference between budgets and budgeting, Reinforce your answer with examples ,…

A: Budgets:- A budget is a financial plan for an outlined period, typically one year. it may…

Q: What are the components of budgeting model and why is it important?

A: Budgeting The purpose of preparing the budget to evaluate the performance of the business for a…

Q: Why is it a good idea to draw up a draft budget?

A: A budget drafts is a temporary storage place for budget data that is presently being processed. In a…

Q: 1.Discuss the uses and advantages of budget.

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

Q: what are the pro and cons for traditional budgeting?

A: Traditional Budgeting Traditional budgeting which provides the budgetary requirement of the business…

Q: Why is flexibility very important for PFG’s budgeting system to be effective?

A: PFG stands for Penn Fuel Gas, Inc. It is a public utility holding company selling natural gas,…

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: 7 Identify behavioral issues associated with the capital budgeting process

A: It refers to the long term investment decisions that has been taken by the top management of a…

Q: what are the pros and cons for activity based budgeting ?

A: Activity based budgeting is a method in which activity are thoroughly analyzed to predict costs.it…

Q: Do you think  that most decision making impacts both top-down and bottom-up budgeting?

A: Top down budgeting is a process where budget is prepared by the senior team of managers in the…

Q: budgeting in the industrial age versus the information age

A: Information Age:According to me in traditional costing system(Before Industrial Revolution),…

Q: Why is the budget report important?

A: A budget report is the official document which is prepared by the accountant which shows how the…

Q: 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: Explain the phrase: "Beyond Budgeting: Managing without budgets"

A: Solution:- Beyond Budgeting: - Beyond Budgeting is the idea of abolishing traditional budgeting…

Q: 36, 37

A: 36.  The correct option is option “b”.  Net Present Value (NPV): It is a method under capital…

Q: Why are budgets so important for all organizations, and what are some advantages and disadvantages…

A: Budget Meaning: Budgeting allows you to plan the finances of your organization. Budgeting is one of…

Q: Which types of budgets do managers prefer? Provide 5 reasons why this is the case?

A: Budgets are forecasted figures. These are made to estimate the expenses and incomes during the…

Q: what is the difference between budgets and budgeting, Reinforce the answer with examples , dates,…

A: Introduction Budgets: Budgets are estimate of all expenses and revenues by the management for a…