Questions from Managerial Accounting

Q: What is meant by a zero-based budget?

What is meant by a zero-based budget?

Q: How does use of a spreadsheet program facilitate “what if”

How does use of a spreadsheet program facilitate “what if” analysis in budgeting?

Q: What are the main purposes of preparing a cash budget?

What are the main purposes of preparing a cash budget?

Q: Explain the difference between a static and a flexible budget.

Explain the difference between a static and a flexible budget.

Q: The number of defects in a manufacturing process is an example of

The number of defects in a manufacturing process is an example of a nonmonetary measure of employee performance. Describe a financial measure that captures the effect of defects.

Q: How would performance be evaluated if there were no budgets?

How would performance be evaluated if there were no budgets?

Q: Why is there an inherent conflict between planning and control uses of

Why is there an inherent conflict between planning and control uses of budgets?

Q: Why are budgets useful in the control process?

Why are budgets useful in the control process?

Q: What is the difference between the top-down and the bottom

What is the difference between the top-down and the bottom-up approach to developing a budget?

Q: Riemers Jewelry operates 45 stores in major shopping malls around the country

Riemers Jewelry operates 45 stores in major shopping malls around the country, and Walter Chan is the manager of a store in Dallas. The company is in the third quarter of 2017 and is beginning prepara...