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Describe responsibility accounting

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Reference no: EM132936871

Questions -

Q1. Describe responsibility accounting?

Q2. Which of the following statements relating to a budget is not true?

Q3. Detail 4 different types of budgets, and their purposes.

Q4. What information would you require to plan budget for a new business? Detail where this information would come from.

Q5. Describe what external factors should be taken into consideration when planning and preparing a budget.

Q6. Describe the following term in relation to an organisations budgetary requirements.

Q7. What are the financial reporting cycles relevant to your Industry?

Reference no: EM132936871

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