Questions from Management Accounting

Q: What distinguishes zero-based budgeting from other types of budgeting?

What distinguishes zero-based budgeting from other types of budgeting?

Q: Discuss the similarities and differences between annual budgets and rolling budgets.

Discuss the similarities and differences between annual budgets and rolling budgets.

Q: Classify the following cost centres as more likely to be engineered cost

Classify the following cost centres as more likely to be engineered cost centres or discretionary cost centres: • R&D department • HR department • Manufacturing plant

Q: Explain how program budgeting assists with planning in discretionary cost centres.

Explain how program budgeting assists with planning in discretionary cost centres.

Q: Explain how zero-based budgeting assists with planning in discretionary cost

Explain how zero-based budgeting assists with planning in discretionary cost centres.

Q: DataShow’s IT support department budgets its costs at $40 000 per

DataShow’s IT support department budgets its costs at $40 000 per month plus $12 per hour. For November the following were the estimated and actual hours provided by the...

Q: Explain why it is important that an organisation’s budget be linked to

Explain why it is important that an organisation’s budget be linked to strategy.

Q: In the planning or strategic budgeting process, explain how a sales

In the planning or strategic budgeting process, explain how a sales revenue budget can be determined.

Q: Distinguish between a discretionary cost centre and an engineered cost centre.

Distinguish between a discretionary cost centre and an engineered cost centre.

Q: Explain the key concepts of program budgeting.

Explain the key concepts of program budgeting.