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SB Co operates in a market which is affected by dramatic inflation and currency rate fluctuations. As a result, the company is experiencing difficulty in establishing effective budgetary planning and control procedures. The main problem is that the budget managers have difficulty in forecasting costs and revenues with any degree of accuracy for more than three months ahead. They therefore doubt the usefulness of their annual budgets for planning and control purposes. Which of the following budgetary procedures would be most applicable to this company's situation? A. Rolling budgets. B. Flexible budgets. C. Zero based budgets. D. Fixed budgets. |