Which of the following is not a benefit of budgeting
A)It coordinates the activities of the entire organization by integrating the plans and objectives of the various parts.
B)It provides benchmarks for evaluating subsequent performance.
C)It ensures that accounting records comply with generally accepted accounting principles.
D)It uncovers potential bottlenecks before they occur.

Question

Quizplus · Accepted Answer

Budgeting does not ensure that accounting records comply with generally accepted accounting principles. This is the role of accounting standards and principles, which are separate from budgeting. The other options are benefits of budgeting.

Which of the Following Is Not a Benefit of Budgeting