Budgeting – Discussion Questions

Please see the file attached. Thanks for your help

Discussion Questions:
1. Write a minimum of 150 words addressing one of the following questions. You may use
external references to support your opinions.
-How you can implement budgeting in your current role? If you are not employed, mention how
you could use budgeting in your future job.
-Why is the knowledge of budgeting necessary in every profession?
-Are there any roles that focus primarily on the budgeting functions of a company?
2. Write a minimum of 150 words addressing one of the following questions. You may use
external references to support your opinions.
-Provide an an example of accrual accounting.
-Why is cash basis not the preferred method of accounting for publicly traded companies?
-What would be your strategy to implement a master budget?
3. Write a minimum of 150 words addressing one of the following questions. You may use
external references to support your opinions.
– Search the web and mention a company that builds its budgets using activity-based budgeting
– Do you think budgets should budgets should be fixed or flexible?