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ACC 206 Week 4 DQ2 Flexible Budgets

A discussion on flexible budgets and their role in financial decision-making.

Christopher Lee
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ACC206Week4DQ2FlexibleBudgetsACC206Week4DQ2FlexibleBudgetsFlexiblebudgetsprovidedifferentinformationthanstaticbudgets.Discusssomeofthesedifferences.Isaflexiblebudgetalwaysbetter?Aretheretimeswhenyou'drecommendusingastaticbudgetoveraflexiblebudget?GuidedResponse:Reviewyourpeers’postsandrespondtoatleasttwoofyourclassmates.Discusswhetheryouagreeordisagreewiththeusesofaflexiblebudgetandwhy.WelearnedinchaptersixthatBudgetsarefinancialplansthataredetailedandthatquantifyfutureexpectationsandactionsforcompanies.“Theyprovidebenchmarksagainstwhichtocompareactualresults,establishguidelinesforexpenditures,andmaybeusedtoestablishforward-lookingguidancetopersuadeinvestorsandcreditorstoinvestorlendtoabusiness.”(chap.6.1)Thetwotypeofbudgetsinquestionaretheflexiblebudgetandthestaticbudget.Thestaticbudgetwasdevelopedforasinglelevelofactivity;howevertheproblemwiththisbudgetisthatitdoesnotalwaysaccountforvolumefluctuations.Ontheotherhand.adiustingbudgetsfortheeffectsofvolumefluctuationsisthegoalofa+StudyXY

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Document Details

University
Ashford University
Course
ACC 206
Subject
Accounting

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