Which of the following statements is NOT true about budgeting? Top-down budgeting is usually less time-consuming than bo
Posted: Thu May 26, 2022 8:05 am
Which of the following statements is NOT true about
budgeting?
Top-down budgeting is usually less time-consuming than bottom-up
budgeting
Incremental budgeting ignores previous periods' figures.
A master budget includes the forecast statement of profit or
loss, the forecast statement of financial position and the cash
budget.
Flexible budgeting provides for different scenarios and/or
activity levels
budgeting?
Top-down budgeting is usually less time-consuming than bottom-up
budgeting
Incremental budgeting ignores previous periods' figures.
A master budget includes the forecast statement of profit or
loss, the forecast statement of financial position and the cash
budget.
Flexible budgeting provides for different scenarios and/or
activity levels