Bu e o ex dt jal of a shd bad ditio What are the four elements of the budgeting cycle? OA. 1. Planning the performance of the organization as a whole as well as of its subunits with the entire management team agreeing as to what is expected 2. Providing a frame of reference, a set of specific expectations against which the actual results can be compared 3. Investigating variations from the plans. If necessary, corrective action follows investigation. Planning again, considering feedback and changed conditions 4 OB. 1. Identifying the problem and uncertainties 2. Obtaining information 3. Making predictions about the future 4. Evaluating performance and learning C. 1 Coordination among subunits within the company 2 Promotion of communication among subunits within the company. 3. Providing a framework for judging performance and facilitating learning 4. Motivating managers and other employees OD. 1 Preparing the supporting schedules of the operating budget 2. Preparing the budgeted income statement 3 Preparing the budgeted balance sheet 4. Preparing the cash budget