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Describe fixed and flexible budgeting

Assignment Help Financial Accounting
Reference no: EM132943673

Question 1. Please explain fixed and flexible budgeting. Provide an example of budgeting for three consecutive periods in which safety margin is included for flexibility

Question 2. Explain statement of cash flows proforma and its significance in budgeting. Provide a hypothetical example of financial statements consisting of an initial balance sheet, income statement, statement of cash flows and ending balance sheet in a manufacturing enterprise.

Reference no: EM132943673

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