1) The cash budget helps managers determine whether or not the company requires financing in a given month. 2) Even with participative budgeting, usually, someone still has the "final say" on the budget. Often, companies use a budget committee to review submitted budgets, remove unwarranted slack, revise & approve the final budget. 3) A standard cost for production inputs is a carefully predetermined cost that usually is expressed on a per-unit basis. 4) Budgeting can promote coordination and communication within an organization. 5) The budgeted cash collections from credit customers generally only reflect sales made in the current month