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How are statistics budgets revenue budgets and operating budgets related?
ask your brain
Is the budgeted income statement prepared before the sales budget?
Budgeted income statement is prepared at the last after preparing all other budgets and sales budget is the starting point of budgeting process.
Duties of financial accountant?
Financial accountants are responsible for preparing monthly, quarterly, and yearly statements based on the company data. They also prepare company budgets and are aware of any tax filing requirements.
What is the difference between family budgets and personal budgets?
the personal is for your self and family is a group
What is the disadvantages of cash budgets?
Distortion is caused by cash budgets. Influence of non-financial factors will also affect the final decisions when it comes to cash budgets. Cash budgets are vulnerable to manipulations. The major disadvantage is that cash budget relies on estimates.
How would you describe the process of updating a budget?
variations of budgets are continuous budgets and continuously updated budgets. Rather than preparing one budget for the upcoming year, in a continuous budget one updates the budget for the following twelve months at the end of each month or each quarter.
What is budgetary?
It is the creation and the monitoring of budgets (and taking actions when the needs arise).
What is budgetary planning?
It is the creation and the monitoring of budgets (and taking actions when the needs arise).
How would you describe a master budget?
A master budget is comprised of operating budgets and financial budgets.
How budgets are used as a planning and monitoring tool?
planning tool: shows how much money the manager has access to Monitoring tool: might address a variety of issues in the company operations
What are the advantages of the modified cash basis of accounting?
Advantanges of the modified cash basis of accountingSimple, cheap and easily understoodDoesnot involve estimating unlike accrualThe method facilitates monitoring of actual against budgets where budgets are set on cash terms
What does not describe the council in colonial governments?
The council had the ability to propose taxes,budgets,and laws. The Council had to approve all laws proposed by the Assembly. The Council had the ability to propose taxes, budgets, and laws. T The Council had the ability to propose taxes, budgets, and laws.
Which statement does not describe the colonial assembly?
The council had the ability to propose taxes,budgets,and laws. The Council had to approve all laws proposed by the Assembly. The Council had the ability to propose taxes, budgets, and laws. T The Council had the ability to propose taxes, budgets, and laws.
What are the importance of financial management in a business organisation?
Financial management ensures that a business is monitoring their finances. Financial management involves setting budgets and ensuring that departments remain on budget throughout the year.
How would you describe an operating budget?
An operating budget outlines the expected revenues and expenses for a specific period, usually annually. It helps businesses plan and control their financial resources effectively by setting targets and guiding financial decisions. It typically includes details on sales projections, production costs, operating expenses, and profitability goals.
How are statistics budgets revenue budgets and operating budgets related?
ask your brain
Is the budgeted income statement prepared before the sales budget?
Budgeted income statement is prepared at the last after preparing all other budgets and sales budget is the starting point of budgeting process.
