B Com Exam > B Com Notes > Cost Accounting > PPT - Fixed & Flexible Budgets
PPT - Fixed & Flexible Budgets | Cost Accounting - B Com PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 2 What is budgeting Process of creating, planning and controlling to spend the money. Importance of Budget i. Ensured of money when needs. ii. Always keep you out of debt. iii. Avoid you to spend money on un necessary items and services. Page 3 What is budgeting Process of creating, planning and controlling to spend the money. Importance of Budget i. Ensured of money when needs. ii. Always keep you out of debt. iii. Avoid you to spend money on un necessary items and services. Role of Budget in Planning and Control. Page 4 What is budgeting Process of creating, planning and controlling to spend the money. Importance of Budget i. Ensured of money when needs. ii. Always keep you out of debt. iii. Avoid you to spend money on un necessary items and services. Role of Budget in Planning and Control. Page 5 What is budgeting Process of creating, planning and controlling to spend the money. Importance of Budget i. Ensured of money when needs. ii. Always keep you out of debt. iii. Avoid you to spend money on un necessary items and services. Role of Budget in Planning and Control. Flexible Budgeting Flexible budget shows how cost vary with different rate of output or sales volumes and sales revenue based on these different outputs level. Characteristics of flexible budgeting: Easy to change according to variation of production and sale volumes. It help in controlling cost. Flexible budget helps in measure the performance and evolution.Read More
|
106 videos|173 docs|18 tests
|
FAQs on PPT - Fixed & Flexible Budgets - Cost Accounting - B Com
| 1. What is the difference between fixed and flexible budgets? |  |
Ans. Fixed budgets are prepared based on a predetermined level of activity, where costs and revenues remain fixed regardless of the actual level of activity. On the other hand, flexible budgets are designed to adjust costs and revenues based on the actual level of activity, allowing for more accurate performance evaluation and cost control.
| 2. How are fixed budgets useful in financial planning? | |
Ans. Fixed budgets provide a baseline for financial planning by setting predetermined targets for costs and revenues. They help organizations establish realistic expectations and allocate resources accordingly. Fixed budgets also enable comparisons between planned and actual performance, assisting in identifying areas of improvement and potential cost-saving measures.
| 3. What are the advantages of using flexible budgets in performance evaluation? | |
Ans. Flexible budgets offer several advantages in performance evaluation. They allow for a fair comparison of actual performance against what should have been achieved at the actual level of activity. This provides a more accurate assessment of performance and helps in identifying any inefficiencies or underutilization of resources. Flexible budgets also facilitate better decision-making by providing insights into the relationship between costs and activity levels.
| 4. How can fixed and flexible budgets be used together for better financial management? | |
Ans. Fixed and flexible budgets complement each other in financial management. Fixed budgets provide a foundation for planning and setting targets, while flexible budgets allow for adjustments based on actual activity levels. By comparing actual performance against both fixed and flexible budgets, organizations can identify variances and take corrective actions. This integration of fixed and flexible budgets enables better financial control and resource allocation.
| 5. What are some challenges in implementing fixed and flexible budgets? | |
Ans. Implementing fixed and flexible budgets can present certain challenges. One challenge is accurately estimating the level of activity for flexible budgets, as it can vary significantly from the initial budgeted amount. Additionally, gathering and analyzing data for performance evaluation can be time-consuming and require a well-established tracking system. Lastly, ensuring buy-in and understanding from all stakeholders is crucial for successful implementation and utilization of fixed and flexible budgets.
Related Exams
About this Document
|
4.73/5 Rating |
|
Nov 15, 2024 Last updated |
Document Description: PPT - Fixed & Flexible Budgets for B Com 2024 is part of Cost Accounting preparation.
The notes and questions for PPT - Fixed & Flexible Budgets have been prepared according to the B Com exam syllabus. Information about PPT - Fixed & Flexible Budgets covers topics
like and PPT - Fixed & Flexible Budgets Example, for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for PPT - Fixed & Flexible Budgets.
Introduction of PPT - Fixed & Flexible Budgets in English is available as part of our Cost Accounting
for B Com & PPT - Fixed & Flexible Budgets in Hindi for Cost Accounting course.
Download more important topics related with notes, lectures and mock test series for B Com
Exam by signing up for free. B Com: PPT - Fixed & Flexible Budgets | Cost Accounting - B Com
Description
Full syllabus notes, lecture & questions for PPT - Fixed & Flexible Budgets | Cost Accounting - B Com - B Com | Plus excerises question with solution to help you revise complete syllabus for Cost Accounting | Best notes, free PDF download
Information about PPT - Fixed & Flexible Budgets
In this doc you can find the meaning of PPT - Fixed & Flexible Budgets defined & explained in the simplest way possible. Besides explaining types of
PPT - Fixed & Flexible Budgets theory, EduRev gives you an ample number of questions to practice PPT - Fixed & Flexible Budgets tests, examples and also practice B Com
tests
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
MCQs
,Semester Notes
,PPT - Fixed & Flexible Budgets | Cost Accounting - B Com
,Objective type Questions
,Free
,past year papers
,Sample Paper
,ppt
,mock tests for examination
,Extra Questions
,practice quizzes
,Summary
,PPT - Fixed & Flexible Budgets | Cost Accounting - B Com
,PPT - Fixed & Flexible Budgets | Cost Accounting - B Com
,shortcuts and tricks
,Exam
,Important questions
,video lectures
,study material
,Previous Year Questions with Solutions
,Viva Questions
;
Additional Information about PPT - Fixed & Flexible Budgets for B Com Preparation
PPT - Fixed & Flexible Budgets Free PDF Download
The PPT - Fixed & Flexible Budgets is an invaluable resource that delves deep into the core of the B Com exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the PPT - Fixed & Flexible Budgets now and kickstart your journey towards success in the B Com exam.
Importance of PPT - Fixed & Flexible Budgets
The importance of PPT - Fixed & Flexible Budgets cannot be overstated, especially for B Com aspirants.
This document holds the key to success in the B Com exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
PPT - Fixed & Flexible Budgets Notes
PPT - Fixed & Flexible Budgets Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to PPT - Fixed & Flexible Budgets.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, PPT - Fixed & Flexible Budgets Notes on EduRev are your ultimate resource for success.
PPT - Fixed & Flexible Budgets B Com Questions
The "PPT - Fixed & Flexible Budgets B Com Questions" guide is a valuable resource for all aspiring students preparing for the
B Com exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study PPT - Fixed & Flexible Budgets on the App
Students of B Com can study PPT - Fixed & Flexible Budgets alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the PPT - Fixed & Flexible Budgets,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of PPT - Fixed & Flexible Budgets is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup