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A principal difference between operational budgeting and capital budgeting is the time frame of the budget. Because of this difference, capital budgeting: is an activity
A principal difference between operational budgeting and capital budgeting is the time frame of the budget. Because of this difference, capital budgeting:
| is an activity that involves only the financial staff. | |
| is done on a rolling budget period basis. | |
| focuses on the present value of cash flows from investments. | |
| is concerned with a long-term net income forecast. |
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Accounting The Ultimate Guide To Accounting For Beginners
Authors: Greg Shields
1st Edition
1546332820, 978-1546332824
