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Match to appropriate terms Signifies perfection Top-Down BudgetBudgetary SlackEnding Inventory and Cost of Goods Sold BudgetCash Receipts BudgetRolling BudgetPro-Forma Financial StatementsParticipative BudgetOperating BudgetIdeal StandardPractical Standard
Match to appropriate terms
Signifies perfection | Top-Down BudgetBudgetary SlackEnding Inventory and Cost of Goods Sold BudgetCash Receipts BudgetRolling BudgetPro-Forma Financial StatementsParticipative BudgetOperating BudgetIdeal StandardPractical Standard |
Based on assumed rather than actual results | Top-Down BudgetEnding Inventory and Cost of Goods Sold BudgetPractical StandardOperating BudgetBudgetary SlackCash Receipts BudgetIdeal StandardRolling BudgetPro-Forma Financial StatementsParticipative Budget |
A type of problem common in a bottom-up budget environment | Operating BudgetRolling BudgetTop-Down BudgetEnding Inventory and Cost of Goods Sold BudgetCash Receipts BudgetBudgetary SlackIdeal StandardPractical StandardPro-Forma Financial StatementsParticipative Budget |
The most efficient method of budget preparation. | Practical StandardCash Receipts BudgetParticipative BudgetOperating BudgetPro-Forma Financial StatementsTop-Down BudgetRolling BudgetBudgetary SlackIdeal StandardEnding Inventory and Cost of Goods Sold Budget |
The first component of the master budget | Operating BudgetEnding Inventory and Cost of Goods Sold BudgetCash Receipts BudgetParticipative BudgetPractical StandardBudgetary SlackRolling BudgetPro-Forma Financial StatementsTop-Down BudgetIdeal Standard |
Shows when and how much cash is expected to be collected from the sale of products or services | Top-Down BudgetCash Receipts BudgetBudgetary SlackPractical StandardOperating BudgetIdeal StandardEnding Inventory and Cost of Goods Sold BudgetRolling BudgetParticipative BudgetPro-Forma Financial Statements |
A budget which always includes 12 months of data, but as one month ends, it is removed from the budget. | Budgetary SlackPractical StandardParticipative BudgetIdeal StandardTop-Down BudgetRolling BudgetOperating BudgetEnding Inventory and Cost of Goods Sold BudgetCash Receipts BudgetPro-Forma Financial Statements |
Also referred to as bottom-up budget | Operating BudgetPractical StandardPro-Forma Financial StatementsCash Receipts BudgetParticipative BudgetRolling BudgetIdeal StandardEnding Inventory and Cost of Goods Sold BudgetTop-Down BudgetBudgetary Slack |
The final component of the operating budget | Budgetary SlackPractical StandardOperating BudgetIdeal StandardPro-Forma Financial StatementsRolling BudgetTop-Down BudgetParticipative BudgetEnding Inventory and Cost of Goods Sold BudgetCash Receipts Budget |
Represents a level of performance that can be attained with reasonable effort. | Rolling BudgetEnding Inventory and Cost of Goods Sold BudgetParticipative BudgetTop-Down BudgetPro-Forma Financial StatementsCash Receipts BudgetOperating BudgetBudgetary SlackPractical StandardIdeal Standard |
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