How often should a company prepare budget reports?
A)as often as demanded by the stockholders
B)as often as deemed necessary
C)annually is sufficient if the company is profitable
D)monthly to be sure the company is operating successfully

Question

Quizplus · Accepted Answer

The frequency of preparing budget reports is subjective and depends on the company's specific needs and goals. Some companies may choose to prepare them monthly, while others may only need to do it quarterly or annually. Ultimately, it is up to the company to determine how often budget reports are necessary to ensure successful operation and achieving financial objectives.

How Often Should a Company Prepare Budget Reports