Question
What category of budgets are the governance board more likely to be interested in? The two categories of budgets are operating and financial. The board
What category of budgets are the governance board more likely to be interested in? The two categories of budgets are operating and financial. The board is more likely to be interested in the financial budgets. a. With a long-term view, which specific two budgets are the most relevant to the governing board and for what reason? (5080 words) b. A new governance board member is constantly asking the accountant questions about the motor vehicle expenses that are constantly over budget. They blame one of the business managers who they dislike and point to the fact that the manager has an unnecessary sports pack on their car. What type of budget does the motor vehicle expense belong to? Who is responsible for this budget? What steps would you take if you were the accountant? (5080 words) c. What does the budget audit examine? (5080 words) d. What does the budget audit detect and how frequently should it occur? (5080 words) e. What corrective action does the budget audit consider? (140160 words)
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