Outline a range of expenditure and revenue items relevant to budgeting and forecasting

A range of expenditure and revenue items relevant to budgeting and forecasting are expenditures on standard cost inputs and level of activity and revenues to service current year activities. Your responses to this question should include Past sales and trends, Pricing policy, Product mix and more.

Compare and contrast forecasting techniques

Comparing and forecasting contrasting techniques include qualitative methods using, e.g. staff resources ad knowledge, other available information like industry analysis and predictions, and market research. Quantitative methods are appropriate where market conditions are stable and predictive of the future. They can be produced by specialised computer software or spreadsheets. This Question 5 should name and compare the types of forecasting techniques such as Static and Flexible.

Identify the key features of organisational procedures and policy relevant to budgeting and forecasting

Key features of organizational procedures and policies relevant to budgeting and forecasting include ensuring compliance with laws, creating good working environment and relations and clarification and provision of guidance on values and purpose of the organization to be met. This Question should refer to more items including making reference to Credit policy, Accrual or cash based business and Product development.