LESSON OBJECTIVE
Assessment Criteria AC 3.4 Pepare a cash budget Below is a link pertaining to lesson 11. Please ensure to read the case and answer each question correctly. CASE STUDY
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LESSON OBJECTIVE
Assessment Criteria AC 3.3 Prepare budgets according to the chosen budgeting method Below are questions pertaining to lesson 10. Please ensure to answer each question correctly. 1. What are the five uses of Budgets in an organization? 2. Incremental budgeting is done by adding amounts to the prior year’s budget based on the experience of the prior year and plans for the coming financial year. What factors do you think are also important to consider when using incremental budgeting? 3. What is activity based Budgeting? LESSON OBJECTIVE
Assessment Criteria AC 3.2 Select appropriate budgeting methods for the organisation and its needs Below are questions pertaining to lesson 9. Please ensure to answer each question correctly. 1. What is the Zero Based Budgeting concept? 2. Why would those responsible for the budget-setting process need to have real authority? 3. There are two types of approaches to budgeting – Bottom-up and Top-down. What are the advantages and disadvantages of each type of budgeting approach? LESSON OBJECTIVE
Assessment Criteria AC 3.1 Explain the purpose and nature of the budgeting process Below are questions pertaining to lesson 8. Please ensure to answer each question correctly.
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November 2016
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