
Heeter Financial Analysis and Budgeting
Quiz
•
Other
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Professional Development
•
Practice Problem
•
Medium
Emily Hawley
Used 3+ times
FREE Resource
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30 questions
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1.
REORDER QUESTION
1 min • 1 pt
Reorder the following 5 Primary purposes of budgeting systems
Evaluating Performance and Providing Incentives
Planning
Facilitating Communication and Coordination
Controlling Profit and Operations
Allocating Resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A comprehensive set of budgets covering all phases of an organization's operations for a specified time period
Capital Budget
Master Budget
Budgeted financial statements
Financial Budget
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Shows how the organization's financial statements will appear at a specified time, if operations proceed according to plan. Includes a budgeted income statement, budgeted balance statement, and budgeted statement of cash flows.
Budgeted financial statements
Master Budget
Capital Budget
Financial Budget
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A plan that shows how the business will acquire its financial resources (issuance of stock, incurrence of debt)
Financial Budget
Capital Budget
Budgeted Financial statements
Master Budget
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A plan for the acquisition of capital assets (buildings/equipment)
Capital budget
Financial budget
Master Budget
Budgeted financial statements
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Short range budgets
Any time period of 1 year or less
Could be yearly, quarterly, monthly, etc
Cover a time period of >1 year
Updated by periodically adding a new incremental time period
7.
MATCH QUESTION
1 min • 1 pt
Match the following
Continually updated by periodically adding a new incremental time period
Long-range budgets
Cover time period of >1 year
Short- range budgets
Any time period of 1 year or less. Could be yearly, quarterly, monthly
Rolling budgets
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