Questions from Managerial Accounting

Q: Compare and contrast “participative budgeting” with “top-down

Compare and contrast “participative budgeting” with “top-down” budgeting.

Q: Give an example of a sustainable practice that would affect a company’s

Give an example of a sustainable practice that would affect a company’s budget. How might this sustainable practice, if adopted, impact the company’s budget in both the short-term and in the long-term...

Q: How does the master budget for a service company differ from a

How does the master budget for a service company differ from a master budget for a manufacturing company? Which (if any) operating budgets differ and how, specifically, do they differ? Which (if any)...

Q: Why might a company want to state environmental goals for increased sustainability

Why might a company want to state environmental goals for increased sustainability in its budgets? Explain.

Q: “The sales budget is the most important budget.” Do you

“The sales budget is the most important budget.” Do you agree or disagree? Explain your answer.

Q: Describe the product that is being produced and the company that produces

Describe the product that is being produced and the company that produces it.

Q: List at least four reasons why a company would use budgeting.

List at least four reasons why a company would use budgeting.

Q: Describe the difference between an operating budget and a capital expenditures budget

Describe the difference between an operating budget and a capital expenditures budget.

Q: Describe the process for developing a budget.

Describe the process for developing a budget.

Q: What is a budget committee? What is the budget committee’s role

What is a budget committee? What is the budget committee’s role in the budgeting process?