Loose-leaf For Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781260190083
Author: Jacqueline L. Reck James E. Rooks Distinguished Professor, Suzanne Lowensohn, Daniel Neely
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 12, Problem 16.6EP
An approach to budgeting that requires the very existence of each program and the amount of resources requested to be allocated to that program to be justified each year is called
- a. Incremental budgeting.
- b. Zero-based budgeting.
- c. Performance budgeting.
- d. Planning-programming-budgeting.
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Check out a sample textbook solutionStudents have asked these similar questions
The objectives of budgeting are to:a. Establish specific goals for future operations
b. Execute plans to achieve the goalsc. Measure performance by periodic comparison of actual with budgeted results
d. All of the above
Which budget type is defined as a budget process that emphasizes the achievement of goals and competition?
Target-based budgeting
Program budgeting
Incremental budgeting
Performance budgeting
Which budget evaluates the results of operations at the actual level of activity?
A) capital budget
B) cash budget
C) static budget
D) flexible budget
Chapter 12 Solutions
Loose-leaf For Accounting For Governmental & Nonprofit Entities
Ch. 12 - Are governments and not-for-profit organizations...Ch. 12 - What is the difference between two types of...Ch. 12 - Prob. 3QCh. 12 - Robert Bland suggested that tensions may exist...Ch. 12 - Identify some essential components of the annual...Ch. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - What are the three broad categories of service...Ch. 12 - Prob. 9QCh. 12 - Prob. 10Q
Ch. 12 - Prob. 14CCh. 12 - Budgets of government entities a. Are integrated...Ch. 12 - Which of the following statements regarding...Ch. 12 - Which of the following steps would not usually be...Ch. 12 - The budgeting principle in generally accepted...Ch. 12 - Prob. 16.5EPCh. 12 - An approach to budgeting that requires the very...Ch. 12 - Which of the following does not represent a...Ch. 12 - Prob. 16.8EPCh. 12 - Prob. 16.9EPCh. 12 - Prob. 16.10EPCh. 12 - Prob. 16.11EPCh. 12 - Which of the following is not one of the general...Ch. 12 - Prob. 16.13EPCh. 12 - The police chief of the Town of Meridian submitted...Ch. 12 - The City of Manhattan, Kansas, prepares an annual...Ch. 12 - The City of Ashcroft has produced a Service...Ch. 12 - Prob. 20EPCh. 12 - Prob. 21EPCh. 12 - The U.S. Office of Management and Budget (OMB)...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- Which budget evaluates the results of operations at the actual level of activity? capĂtal budget cash budget flexible budget static budgetarrow_forwardExplain zero-based budgeting and how it differs from the traditional approach to preparing next years budget.arrow_forwardWhich of the following includes only financial budgets? capital asset budget, budgeted income statement, sales budget production budget, capital asset budget, budgeted balance sheet cash budget, budgeted balance sheet, capital asset budget budgeted income statement, direct material purchases budget, cash budgetarrow_forward
- Which of the following is an operating budget? A. cash budget B. production budget C. tax budget D. capital budgetarrow_forwardWhat steps should be considered it a budget is to be set and later have its results evaluated?arrow_forwardWhich of the following is not a part of budgeting? A. planning B. finding bottlenecks C. providing performance evaluations D. preventing net operating lossesarrow_forward
- Which budget activity at the start of each year is set as "zero"?Select one:a. Incremental Budgetingb. Zero based budgetingc. Activity based budgetingd. Base budgetingarrow_forwardThe traditional line-item budget results in which of the following benefits? Appropriations are flexible to allow for the achievement of desired outcomes. Accountability and responsibility are easily assigned. The long timeframe allows for decision-making and planning. Costs of defined activities are identified.arrow_forwardPrincipal components of a master budget include which of the following? Production budget Sales budget Capital expenditures budget All of these choices are correct.arrow_forward
- Each of the following statements includes a pair of words within parenthesis. Indicate which of the words should be chosen to make the statement true. The first statement is done as an example. A ( loan application / budget ) is a detailed financial plan that quantifies future expectations and actions relative to acquiring and using resources. Budgets ( should / should not ) be used to provide managers with "preapproval" for execution of spending plans. The (master budget / sales budget ) is a comprehensive document specifying sales targets, production activities, and financing actions. "Responsibility accounting" is a concept under which managers are held accountable for transactions and events ( beyond / under ) their direct influence and control. Some entities will follow a top-down( mandated / participative ) approach to budgeting. A deliberate effort to create "breathing room" within a budget is known as ("padding the budget" / "aerating" ). With ( incremental budgeting /…arrow_forwardSelect each of the terms with the best description of its purpose. 1. Helps determine financing needs. Definitions 2. The usual starting point in the master budget process. 3. A report that shows predicted revenues and expenses for a budgeting period. 4. A budgetary cushion used to meet performance targets. 5. A comprehensive plan that consists of several budgets that are linked. 6. Employees affected by a budget help in preparing it. Termsarrow_forwardWhich of the following budgeting processes aims to challenge the existing way of operating, by requiring all spending to be justified with a view to identifying and eliminating waste? A Cash budgeting B Top-down budgeting C Incremental budgeting D Zero-based budgetingarrow_forward
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