Return to Main Page on Management Accounting test question bank on budgeting
Management Accounting Test Question No BUD1 on Budgeting:
(a) Define giving examples, the term principal budget factor and explain its importance in budgeting
(b) Discuss the human behavioral problems associated with budgeting. Identify 3 behavioral problems associated with budgetary control
© Give 4 criticisms of traditional budgetary control systems
(d) Describe 4 benefits that a system of budgetary planning and control may bring to an organization.
(e) A company is preparing production, sales, material usage and finished stock budgets. State the order in which the 4 budgets would be prepared.