What is the most important e A. To control your income To monitor your expenses C. To know where to invest D. To do budgeting

Q: Managers should be closely involved in preparing their responsibility accounting budget. How true is…

A: Generally, managers should be involved in preparing their responsibility accounting budget.

Q: briefly discuss the budgeting process

A: Budget: Budget is a statement prepared by the management for a specific tenure, to accomplish the…

Q: What is the purpose of a budget in financial management?

A: Financial management refers to the process of planning, organizing, directing, and controlling the…

Q: Discuss some of the major benefits to be gained from budgeting.

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

Q: Explain the benefits of budgeting.

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

Q: What is a cash budget, and how is this statementused by a business? How is the cash budget affected…

A:

Q: What is the process of making decisions about financing and funding aspects? Group of answer choices…

A: Financing and funding aspects involve the act of obtaining money for the purchase or enterprise and…

Q: What is the significance of Personal Budgeting? What are the advantages and disadvantages of…

A: A personal budget is a financial plan for allocating and utilizing their personal income and…

Q: Discuss why budgets are so important for all organizations. Describe some advantages and…

A: Budgets are an indispensable part of business organizations because they assist business…

Q: Describe the benefits of budgeting.

A:

Q: Why is it important that a firm prepares a budget and how they analyze the ongoing performance? What…

A: Budgeting is a financial plan that helps the organization in effective utilization of its resources.…

Q: hat will be your first step to generating a busine

A: Budget is very important in the business and preparing the budget is the important step in the…

Q: What

A: Budgets act as an instrument of coordination.

Q: What are the benefits of tying a budget to the overall goals of the company?

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: A cash flow budget can be used to   A.    estimate when and how much money will need to be borrowed…

A: Option d is correct.

Q: How important of budgeting with saving?

A: Every organization creates a budget that helps them to determine the revenue as well as expenses…

Q: Budgeting can be an important management tool if implemented properly. Identify several positive…

A: A plan that is written down and followed to determine how one will spend money on a monthly basis is…

Q: What is the purpose of a budget in financial management? a) To record and report financial…

A: Financial management refers to the process of planning, organizing, directing, and controlling the…

Q: When preparing a budget, A.GST is a necessary cost of doing business B.GST is only necessary for…

A: GST refers to Goods and Services Tax. It is an indirect tax levied on the value of goods and…

Q: how will the skills and knowledege in constructing cash budget be applicable on the job of…

A:

Q: how can I apply MIS ( management information system ) successfully in this topic: A PERSONAL…

A: Management accounting is the act of distinguishing, estimating, investigating, deciphering, and…

Q: The accountant perspective of the budget views the budget as a rational decision-making tool? True…

A: Budgeting is the process of estimating the profitability, business requirements like production…

Q: Which of the following is not a benefit of budgeting? O Provide a way to measure business…

A: The answer is : Provide a way to hire specialized labors. Hiring specialised labour is not something…

Cash budget

A cash budget is an estimate of an organization's cash flow for the future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future. If cash receipts are insufficient to cover future expenses, an organization may plan to obtain funds from other sources. After estimating the sales, purchase, and capital expenditure budgets for the year, management develops a cash budget. These budgets are created to ensure that an organization's cash flow is managed. It is important to note that only cash transactions are recorded when actual cash enters and exits an organization.