Place the following steps of the budget development process in the correct order in which they are performed. Put a comma and space between each solve choice (for example: a, b, c, d, e)
A)Project expected expenses on the basis of units of service.
B)Gather information about past budget results and combine with budget assumptions to set reasonable expectations about future performance.
C)Predict the units of service that will be provided during the budget period.
D)Identify the strategic goals and objectives of the organization.
E)Set budget assumptions on which to base budgeting decisions.

Question

Quizplus · Accepted Answer

By determining the organization's goals and objectives,the budget can be developed to support those identified goals and objectives.Assumptions address issues that can affect the future performance of the organization and provide important considerations for budget development.Gathering information allows for setting of reasonable expectations about future performance that are based on past performance and budget assumptions.Patient days or visits are the usual units of service,and the number predicted to be provided will affect operational expenses; managers also must have information about budget assumptions before they can predict future units of service.Before expenses for staff,supplies,and so forth can be projected,information about the projected volume of service (units of service) must be known.

Place the Following Steps of the Budget Development Process in the Correct