PLEASE DO NOT EVEN ATTEMPT TO DO THIS IF YOU ARE NOT WILLING TO ANSWER ALL QUESTIONS, AS SOMEONE ELSE OUT THERE WILL BE Class is Accounting 240 (Managerial) Chp 8 Master Budgeting with an emphasis on budgeting (from the perspective of an organization manager) and how doing so helps organizations achieve financial goals With said budgets being created in order to serve the purpose of planning and control, within an organization company What is a budget What is budgetary control Discuss some of the major benefits to be gained from budgeting What is meant by the term responsibility accounting What is a master budget Briefly describe its contents Why is the sales forecast the starting point in budgeting As a practical matter, planning and control mean exactly the same thing Do you agree Explain Why is it a good idea to create a Budgeting Assumptions tab when creating a master budget in Microsoft Excel What is a self imposed budget What are the major advantages of self imposed budgets What caution must be exercised in their use How can budgeting assist a company in planning its workforce staffing levels The principal purpose of the cash budget is to see how much cash the company will have in the bank at the end of the year Do you agree Explain

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PLEASE DO NOT EVEN ATTEMPT TO DO THIS IF YOU ARE NOT WILLING TO ANSWER ALL QUESTIONS, AS SOMEONE ELSE OUT THERE WILL BE!!!! Class

PLEASE DO NOT EVEN ATTEMPT TO DO THIS IF YOU ARE NOT WILLING TO ANSWER ALL QUESTIONS, AS SOMEONE ELSE OUT THERE WILL BE!!!!

Class is Accounting 240 (Managerial) Chp 8: Master Budgeting; with an emphasis on budgeting (from the perspective of an organization/ manager) and how doing so helps organizations achieve financial goals. With said budgets being created in order to serve the purpose of planning and control, within an organization/ company.

What is a budget? What is budgetary control?
Discuss some of the major benefits to be gained from budgeting.
What is meant by the term responsibility accounting?
What is a master budget? Briefly describe its contents.
Why is the sales forecast the starting point in budgeting?
As a practical matter, planning and control mean exactly the same thing. Do you agree? Explain.
Why is it a good idea to create a Budgeting Assumptions tab when creating a master budget in Microsoft Excel?
What is a self-imposed budget? What are the major advantages of self-imposed budgets? What caution must be exercised in their use?
How can budgeting assist a company in planning its workforce staffing levels?
The principal purpose of the cash budget is to see how much cash the company will have in the bank at the end of the year. Do you agree? Explain.