Questions from Management Accounting


Q: Explain the key concepts of zero-based budgeting.

Explain the key concepts of zero-based budgeting.

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Q: Briefly describe the attributes of activity-based and kaizen budgeting.

Briefly describe the attributes of activity-based and kaizen budgeting.

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Q: Explain why the budgeting process might not necessarily be successfully implemented

Explain why the budgeting process might not necessarily be successfully implemented in an organisation.

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Q: Outline the key components of Beyond Budgeting.

Outline the key components of Beyond Budgeting.

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Q: How are budgets related to organisational strategies?

How are budgets related to organisational strategies?

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Q: Blowervacs produces and sells leaf blowers. Production levels are high in

Blowervacs produces and sells leaf blowers. Production levels are high in the summer and beginning of autumn and then taper off through the winter. Sales are high in autumn and early winter and then t...

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Q: A local hospital is required to account for the total cost of

A local hospital is required to account for the total cost of patient care, including support costs. Patients are assigned all direct costs. Support costs are $240 000 per month plus $90 per patient d...

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Q: Whilst preparing the cash budget for next year, the accountant at

Whilst preparing the cash budget for next year, the accountant at Mines Ltd. identified a $20 million shortfall. This shortfall was due to a capital expenditure item of the same value. The CEO has ide...

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Q: Describe the types of information that managers use to develop budgets.

Describe the types of information that managers use to develop budgets.

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Q: How are the master budget and flexible budget related?

How are the master budget and flexible budget related?

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