What are the advantages and disadvantages of incremental and zero-based budgeting

Q: Top-down budgeting is preferred to a bottom-up approach, especially to monitor controllable costs.…

A: In a top-down budgeting approach, the budget is created by the top management of the company and…

Q: 3. Explain how a flexible budget is used?

A: A flexible budget is a budget that adjusts to a company’s operation or volume levels.

Q: What are some limitations of the budgeting process?

A: Budgeting is an important exercise that is performed in most of the organizations. Budgeting has lot…

Q: What are the advantages and disadvantages of the participatory approach to budgeting?

A: Participative budgeting is a budgeting process in which the people who are in the lower levels of…

Q: How does a continuous budget work? Is a rolling budget the same thing?

A: A budget is used to forecast a company's financial results and financial status for the future. It's…

Q: What are some common challenges or obstacles encountered in the budgeting process?

A: The budgeting process is a systematic approach that organizations use to plan and allocate financial…

Q: What factors can contribute to unsuccessful budgeting? How can these situations be avoided?

A: Introduction: Budgeting is a collection of tasks done to plan a budget. A budget is a quantitative…

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: Describe one objective of the budgeting. Discuss the consequences of setting budget goals too…

A: Answer:- Budget:- A budget is basically an estimate of income and expenses for a given future period…

Q: What is a flexible budget? Explain? Give example?

A: Budgeting is a process to prepare the financial statement by the manager to estimate the…

Q: What are the advantages and disadvantages of   incremental/decremental and zero based budgeting?

A: Budgeting is the process of planning, allocating, and managing financial resources for a specific…

Q: What are the three major objectives of budgeting? Under what circumstances would a static budget…

A: Budgeting is a planning measure by which Business Entity make plan for the expected revenues and…

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: Describe scenarios/situations when it is appropriate and when it is not appropriate to use a static…

A: Static budget is also called fixed budget. Static budget does not change with the change in the…

Q: Enterprise budgets never include opportunity costs. O O False True

A: Enterprise budgets are thorough financial plans that project the expenses and profits related to a…

Q: Do you think the extra expense of providing  acapital budget is imortant?

A: The objective of the question is to understand the importance of the extra expense of providing a…

Q: What are the limitations of the traditional budget? Despite the limitations, why it is still widely…

A: A budget is a financial plan used by organizations for a particular period of time, generally a…

Q: A static budget is most useful for evaluating a manager's performance in controlling variable costs.…

A: Budgets are the statements prepared by the entity for the purpose of estimating the future values.…

Q: What is the main difference between static and flexible budgets?

A: A budget is a tool that helps the entity to  achieve its predetermined objectives through a…

Q: What is the advantage of using a flexible budget?

A: Budget is prepared at the start of the year so as to estimate the cost of producing any product that…

Q: Compare and contrast a flexible budget and a static budget

A: Budgeting is one of the essential tool that helps to plan an organisation to plan its costs…

Q: What is zero base budgeting? Discuss its merits and limitations.

A: What is zero based budgeting? Zero based budgeting is a concept of planning the future activities in…

Q: Why use a flexible budget?

A: Flexible Budget: A flexible budget is a budget that is prepared for different levels of the output.…

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: Give me a conclusion pargraph as to why budgeting impact managers' behavior

A: The objective of the question is to understand the impact of budgeting on managers' behavior.…

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.