KẾ TOÁN QUẢN TRỊ

Which of the following are considered to be objectives of budgeting?

(1) Authorisation

(2) Expansion

(3) Performance evaluation

(4) Resource allocation

• A (4) only

• B (1), (2) and (4) only

• C (1), (3) and (4) only

• D (1), (2) and (3) only

Which of the following is not one of the main purposes of a budget?

• A To compel planning

• B To communicate targets to the managers responsible for achieving the budget

• C To inform shareholders of performance in meeting targets

• D To establish a system of control by comparing budgeted and actual results

Which two of the following statements relating to budgets are correct?

• A A budget covers periods longer than one year and is used for strategic planning

• B The budget committee coordinates the preparation and administration of budgets.

• C The budget committee is responsible for the preparation of functional budgets.

• D A budget manual will contain instructions governing the preparation of budgets.

• E A budget is usually prepared by the shareholders of a company.

When preparing the master budget, which of the following tasks would normally be carried out first?

• A Calculate the overhead absorption rate

• B Establish the organisation's long-term objectives

• C Identify the principal budget factor

• D Prepare the sales budget

Which three of the following are steps in the preparation of a budget?

• A Arrange overdraft facilities

• B Identify the principal budget factor

• C Prepare a budgeted income statement

• D Budget the resources for production

• E Complete the audit of the prior year's results

Which of the following is a principal budget factor?

• A The highest value item of cost

• B A factor which limits the activities of an undertaking

• C A factor common to all budget centres

• D A factor controllable by the manager of the budget centre

Which of the following could be principal budget factors?

(1) Sales demand

(2) Machine capacity

(3) Key raw materials

(4) Cash flow

• A (1) and (2) only

• B (1), (2), (3) and (4)

• C (1), (2) and (3) only

• D (1), (2) and (4) only

Which of the following is not a functional budget?

• A Purchases budget

• B Cash budget

• C Sales budget

• D Marketing cost budget

For a company that does not have any production resource limitations, which of the following sets out the correct sequence for budget preparation?

• A Production budget, finished goods inventory budget, sales budget, then materials usage budget

• B Sales budget, finished goods inventory budget, production budget, then materials usage budget

• C Sales budget, production budget, finished goods inventory budget, then materials usage budget

• D Sales budget, finished goods inventory budget, materials usage budget, then production budget

Which two of the statements below correctly complete the following sentence?

The master budget

• A will include a budgeted balance sheet and a budgeted income statement prepared on the accruals basis

• B will include a cash budget

• C is usually prepared before the functional budgets

• D details the timetable for the preparation of the various budgets

• E includes the instructions for the completion of the budget forms and the responsibilities of the personnel involved