All Of The Following Are Necessary For Budgets To Be Effective Except:

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Improved coordination of business activities. Research and analysis in setting realistic goals c.

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Evaluations should be made carefully with opportunities to explain differences between actual and budgeted amounts.

All of the following are necessary for budgets to be effective except:. All of the following are necessary for budgets to be effective except. The budget amounts must be based on those of previous accounting periods. Acceptance of all levels of management b.

Actual cost for an activity or work breakdown structure WBS. Requiring all organizational units to establish their goals for the coming period. If budgets are to be effective all of the following must be present except a.

The companys budget should be a good substitute for management. Failing to budget because of the uncertainty of the future is a poor excuse for not budgeting. In a company with a sound organizational structure authority and responsibility for all phases of operations are clearly defined.

Employees affected by a budget should be consulted when it is prepared. All of these are benefits of effective budgeting. Operating budgets include all of the following except the.

Earned value EV involves all of the following EXCEPT. An Adequate Planned and Reliable Accounting System 3. Acceptance at all levels of management.

Which one of the following is necessary if a company expects its budget to be effective. The following points highlight the nine essentials of an effective budgeting. Assurance of future profits.

Evaluation should be made carefully with opportunities to explain differences between actual and budgeted amounts. Goals should be attainable. Goals should be challenging and attainable.

Employees affected by a budget should be consulted when it is prepared. For all these reasons a budget must clearly reflect the expected results. All of the following are necessary for budgets to be effective except.

All of the following are necessary for budgets to be effective except. Budgeting supports the planning process by encouraging all of the following activities except. Which one of the following is necessary if a company expects its budget to be effective.

Goals should be challenging and attainable. To achieve the goals in a businesss strategic plan Corporate Strategy Corporate Strategy focuses on how to manage resources risk and return across a firm as opposed to looking at competitive advantages in business strategy we need a detailed descriptive roadmap of the business plan that sets measures and. Budgeting is the process of allocating finite resources to the prioritized needs of an organization.

In earned value management the cost variance is equal to. Managers must be aware of potential negative outcomes of budgeting such as budgetary slack. Responsibility budget identifies revenue and costs with the individual responsible for their incurrence.

In most cases for a governmental entity the budget represents the legal authority to spend money. All budgeted amounts must be spent to ensure that budgets arent reduced for the next period. The nine essentials are.

Budgeting provides all of the following except. Employees affected by a budget should be consulted when it is prepared. Increasing the motivation of managers and employees by providing agreed-upon expectations.

Goals should be challenging and attainable b. Employees affected by a budget should be consulted when it is prepared c. All of the following are necessary for budgets to be effective except.

Research and analysis in setting realistic goals. Evaluations should be made carefully with opportunities to explain differences between actual and budgeted amounts. Budgeting is the tactical implementation of a business plan.

The best way to establish budget figures is to use last years actual cost and activity data as this years budget estimates. Value of the work performed expressed in terms of the budget authorized for that work. All of the following are necessary for budgets to be effective except.

Stockholders approval of the budget d. Evaluations should be made carefully with opportunities to explain differences between actual and budgeted amounts. Stockholders approval of the budget.

-Goals should be attainable -Employees affected by a budget should be consulted when it is prepared -Evaluations should be made carefully with opportunities to explain differences between actual and budgeted amounts. All of the following are necessary for budgets to be effective except. Which of the following is not a benefit of following a well-designed budgeting process.

A major element of financial data activity rests in the act of budgeting. In fact the less stable the conditions the more necessary and desirable is budgeting although the process becomes more difficult. On budgeting all of the following are not valid except.

Support for management functions of planning and coordinating activities. Operating budgets include all of the following except the a. Goals should be attainable.

If budgets are to be effective all of the following must be present except. He company must have a sound organizational structure. A means to communicate the organizations short-term goals to its employees.

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