Continuation budgeting is used when ...
A) The profit from one event is used to finance the set up costs for the next event
B) The organisation continues to work within the same tax regime between events
C) The organisation's objectives do not significantly change from one budgeting period to the next
D) The same set of accounts is used for multiple events

Question

Quizplus · Accepted Answer

Continuation budgeting is used when an organization's objectives do not significantly change from one budgeting period to the next. The budget for the new period is based on the actual results of the previous period, with adjustments made for any changes or new variables. This method ensure the organization continues to work within the same framework and doesn't deviate too much from their objectives.

Continuation Budgeting Is Used When