Answer these questions: Chapter 20 1) Why does the preparation of operating budg

ID: 2417819 • Letter: A

Question

Answer these questions:

Chapter 20

1) Why does the preparation of operating budgets before financial budgets increase the usefulness of the budget process?

2) How are understandability and comparability enhanced when knowing who is responsible for teh budgeting process?

Chapter 21

1) What tools can managers use to enhance the understandability and comparability of performance analysis?

2) How does the balanced scorecard empower managers to understand and compare the interests of all the organization's stakeholders?

Chapter 22

1) Describe how the six elements of a standard unit cost increase cost comparability and understandability?

2) What should be included in a management report to further understandability and comparability when evaluating a cost center?

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