what is the budget development process?

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: How can budgeting be used for strategic allocation of resources?

A: In budgeting, standards are set for the next period so that actual performance could be directed…

Q: __________________is the cornerstone of the master budget?

A: The  Answer

Q: How are budgets used as monitoring and control tools?

A: Budgets are quantitative statements that contain the details of the planned revenues, expenditures,…

Q: What motivates PFG to install a budgeting and planning system?

A: Planning and Budgeting is an analytical application that helps to set top-down targets and generate…

Q: What is a budgeting cycle? Explain?

A:

Q: Why is the sales budget so important to the budgeting process?

A: Budget:   It is a statement of estimated revenues and expenditures set for a specific period of…

Q: What are the Cycles of Budgeting Process in Government?

A: The government's main aim will be to serve for the welfare of the people, and to maintain the…

Q: Who are the participants in the budgetingprocess, and how do they participate?

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

Q: of the budget in making management decisions?

A: Budget is defined as an estimate of revenue income and expenses for a set period of time. Budget is…

Q: What are the benefits of Kaizen budgeting?

A:

Q: What skills and knowledge would be used to construct a cash budget

A: Cash Budget:- It is the plan where cash inflow or outflow is recorded for estimating future cash…

Q: What is the function of a cash budget? A capital budget?

A: A cash budget is a financial plan or plan of projected money receipts and payment during the period.…

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 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 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: What

A: Budgets act as an instrument of coordination.

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: What are the basic benefits and purposes of developing pro forma statements and a cash budget?

A: Budgeting and preparing the pro forma statements are two different accounting processes. But…

Q: What is budget control

A: PLEASE LIKE THE ANSWER   Budget control is a technique where actual results compared with the…

Q: What is a master budget? Briefly describe its contents.

A:

Q: The budgeted balance sheet is part of which element of the master budget?

A: The Answer

Q: How is the operating budget of the master  budget used by management?

A: the master budget consists of all types of budget. operating budget is one of the budgets in the…

Q: What is participative budgeting? What are its potential benefits? What are its potential…

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

Q: budgeted balance sheet sales budget production budget budgeted…

A: Budgeted balance sheet Explanation ; A financial budget has 3 elements            1. cash budget…

Q: What are the benefits of a master budget?

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

Q: Discuss the importance of predictions and assumptions in the budgeting process.

A:

Q: What is life-cycle budgeting?

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

Q: what is budgeting is accounting? Explain its significance and applications with examples ?

A: The process of estimating future income and losses is called budgeting. In other words, it is the…

Q: What are the characteristics and importance of the budget?

A: In the context of the given question, we are required to explain the characteristics and importance…

Q: How would you measure the credibility of a cash forecast budget?

A: Forecasting is technique that uses historical data as inputs to make informed estimates that are…

Q: What is budgetary control?

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

Q: What s the function of a cash budget? A capital budget?

A: The cash budget is prepared by the company in order to estimate the cash receipt and disbursement…

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: 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 are standards and variances used in budgeting and budget analysis?

A: Variance refers to the difference between the standard values to the actual values for both revenue…

Q: _________________is a component in a financial budget

A: The Answer

Q: What is the process for developing a budgeted balance sheet?

A: The budgeted balance sheet is a report that a firm uses to examine the estimation of assets,…

Q: Why is the Revenue budget considered the starting point for the master budget

A: We can say that the master budget is the aggregation of all lower level budgets.

Q: How to prepare a cash budget for this question?

A: Cash Budget: A cash budget can be defined as the budget that is prepared to estimate the future cash…

Q: Define the term financial budget.

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

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: 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: What is a cash budget?

A: Cash & Cash Equivalents Cash and cash equivalents refers to the liquid investments that are…