Which one of the following statements does not describe an objective of budgeting?
A) Coordinating the different functions of an entity.
B) Translating strategic goals into plans to enable an entity to achieve its objectives.
C) Forcing entities to report on the financial outcomes of the past 12 months.
D) Forcing entities to look ahead and plan for the future
Correct Answer:
Verified
Q1: Which one of the following is not
Q3: One of the objectives of budgeting is
Q4: Budgeting = delegation
Q5: Communication of budgets facilitates coordination and integration
Q6: Breaking down one big task into several
Q7: What is the first step in the
Q8: Joseph is drawing up his budgets to
Q9: Sian makes and sells fencing panels. She
Q10: Which of the following statements is not
Q11: RST Manufacturing is producing its cost of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents