When discussing the roles of budgets,a planning role in the budgeting process includes:
A)measuring outcomes against planned amounts.
B)developing the master budget.
C)assessing performance.
D)reporting actual amounts at the end of the budgeting period.

Question

Quizplus · Accepted Answer

Developing the master budget is a key planning role in the budgeting process. The master budget is the comprehensive financial plan for the organization, which incorporates all individual departmental budgets and outlines projected revenues, expenses, and profits for the upcoming period.

When Discussing the Roles of Budgets,a Planning Role in the Budgeting