Budgeting is the common accounting tool companies use for planning and controlling. Budgets a. provide a measure of planned financial results. b. are prepared independent of the company’s long term strategies. c. do not usually reflect actual results, so they are a useless exercise. d. serve as the financial expression of management’s plans for the upcoming period.
A.
provide a measure of planned financial results.
B.
are prepared independent of the company’s long term strategies.
C.
do not usually reflect actual results, so they are a useless exercise.
D.
serve as the financial expression of management’s plans for the upcoming period.