Question 2 (budgeting) for Ruby Dale
Options
chloewain_
Registered Posts: 42
So I understand that the second question of the synoptic is all about budgeting and am looking at the examiner's comments, and he said the following as a weakness in students answering the question
• Inability to assess the effectiveness of planning procedures; for example, being unable to recognise that a fixed budget is not appropriate in an organisation where activity fluctuates between different periods
Does anyone know what kind of budget we would expect Ruby Dale to use please? I can't really see much in the pre-release material, that gives anything away as to what they would use
• Inability to assess the effectiveness of planning procedures; for example, being unable to recognise that a fixed budget is not appropriate in an organisation where activity fluctuates between different periods
Does anyone know what kind of budget we would expect Ruby Dale to use please? I can't really see much in the pre-release material, that gives anything away as to what they would use
0
Comments
-
I don't know what they will provide but I definitely think a rolling budget should be used!
Ruby Dale is operating in the fashion industry which is very fast-moving due to the change in consumer trends and tastes. A rolling budget is more advantageous for a fast moving organisation that will have many changes in activity levels...I think this fits the bill for Ruby Dale??0 -
Lovely! Thank you very much Reece! That makes sense now you have said haha, but I really couldn't think.0
-
I did get in Task 2 a Cash budget with date for 4 Quarter in the table. Did you come across any practice tests to cover Cash Budget ?
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 18.9K For AAT students
- 268 NEW! Qualifications 2022
- 147 General Qualifications 2022 discussion
- 9 AAT Level 2 Certificate in Accounting
- 44 AAT Level 3 Diploma in Accounting
- 65 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 274 VAT
- 92 Software
- 274 Tax
- 138 Bookkeeping
- 7.3K General accounting discussion
- 194 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 352 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 590 Job postings
- 17 Who can benefit from AAT?
- 36 Where can AAT take me?
- 44 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 65 AAT membership