Budgetting-kip

To ensure effective control over the company's cash, inventory and sales including....

• purpose and function of budgeting

• budgeting step

• the notion of budgeting

• budgeting type

.  “ … To anticipate the company's future financial condition and the need for funds to be used in..” the synonym of the word ‘anticipate’ is..

• Produce

• Protect

• Allow

• Release

These are the purpose of budgeting, EXCEPT…

• to plan different phases of business operations.

• coordinate the activities of the different departments of the company

• to ensure effective control over it.

• To ensure the dress code of all departments

Budgeting comes from the basic word budget which means

• The process of predicting past financial results

• to plan the various phases of business operations

• the company's financial plan which is arranged systematically based on the company's work program

• All answers are wrong

What is budgeting?

• a planning tool that does not pay attention to the relationship between one budget and another budget

• activities allocate unlimited financial resources

• Development and approval of strategic advantage plans and tactics for their implementation

• plans that are arranged systematically covering all company activities expressed in monetary units 

Which of the following steps is included in the budget preparation?

• Use of flexible cost budget

• Project planning preparation and evaluation

• All answer is correct

• Identification and evaluation of external variables

The following steps is included in the budget preparation, EXCEPT...

• Project planning preparation and evaluation

• Identification and evaluation of external variables

• postponing the worker’s salary to cover the productions

• Use of flexible cost budget

Mentions 2 the type of budgeting based on the application

• Zero Based Budgeting and Incremental Budgeting

• line-item and performance or programme

• Medium Term Budgeting Framework

• Marketing and transaction

“… program based on where the funds are used, thus aiding in the evaluation of the company…”the similar word of ‘fund” is..

• Money

• Worker

• Program

• Company

These are the benefits of budgeting for companies, EXCEPT

• Rationalization of sources and investment of funds.

• budget cuts

• Assist companies in providing limits on the amount of funds to be sought and issued

• Refine the plans that have been prepared.