Find and differentiate between the two types of budgets

Assignment Help Accounting Basics

Reference no: EM132729175 , Length: Word count: 175

Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets.

Respond to the following in a minimum of 175 words:

Question 1: Differentiate between the 2 types of budgets.

Question 2: Provide an example of the type of business or company that would benefit from using a flexible budget.

Question 3: Provide support for your business selection and include the advantage for using a flexible budget over a static budget.

Reference no: EM132729175

Questions Cloud

What was the biggest difference between two delivery models : Think about 2 different delivery models that you have experienced or read about (HMO, PPO, POS, EPO, PFFS, SNP, or ACO), and answer the following questions.

Describe the signs of menopause : Explain perimenopause, surgical menopause, stress menopause, and postmenopause. Describe the signs of menopause.

Describe clusters according to average characteristics : Describe these clusters according to their "average" characteristics. Why might hierarchical clustering not be a good method to use for these seven variables?

Analyze alternative courses of action : Identify and analyze alternative courses of action. Leaders should seek input from multiple sources to interpret and analyze the problem/opportunity to come up.

Find and differentiate between the two types of budgets : Differentiate between the 2 types of budgets. Provide an example of the type of business or company that would benefit from using a flexible budget.

Describe importance of pre - post-exercise nutrition choices : Describe the importance of pre- and post-exercise nutrition choices. Provide examples of foods that are appropriate selections for each category.

Examine how would you recruit for your own job : For this assignment, you will review recruiting practices and methods and legislation that affects the recruiting process and determine the most appropriate.

Explain at least three reasons for the authority : Global Finance and Free Trade-Limits and Possibilities, Explain at least 3 reasons for the authority and legitimacy of the IMF and World Bank?

Poster session and conference proceedings : Define the following terms: poster session, conference proceedings, manuscript, paper, and journal article.

User Account

All Pages