It is not useful to base your budget on prior year results when: (a) operational managers want
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It is not useful to base your budget on prior year results when:
(a) operational managers want to prepare their own estimates.
(b) predictable change in the business environment will affect the coming year’s operations.
(c) unpredictable change in the business environment will affect the coming year’s operations.
(d) you had low budget variances reported in the prior year.
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Related Book For
Accounting Information Systems Understanding Business Processes
ISBN: 9781742165554
3rd Edition
Authors: Brett Considine, Alison Parkes, Karin Olesen, Michael Lee, Derek Speer
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