Which of the following is NOT a role of budgeting in organizations?
A)performance evaluation.
B)historical financial statements.
C)allocation of resources.
D)motivation of employees.

Question

Quizplus · Accepted Answer

Budgeting helps in several aspects of an organization, including performance evaluation, allocation of resources, and motivation of employees. However, historical financial statements are not a direct role of budgeting. While budgeting may provide inputs for creating financial statements, its primary focus is on planning and controlling future expenses and revenues. Historical financial statements, on the other hand, report on past financial performance and are used for analyzing trends and making informed decisions about financial operations.

Which of the Following Is NOT a Role of Budgeting