B - budget committees. They are responsible for overseeing annual budgets in their entirety.
A is incorrect - They look after appropriations, not the entire budget.
C is incorrect - They are responsible for investigation
D is incorrect - They are responsible for tax legislation
appropraneereres Which type of committee is responsible for overseeing annual budgets in their entirety? 5. a....
Which is not a responsibility of the budget committee? a. Providing central guidance b. Preparation and development of department budgets c. Providing continued communication of the budget to the organization d. Rejecting department budgets that do not reflect realistic amounts
3-2 Which of the following does not apply to the audit committee under the Sarbanes-Oxley Act of 2002? a. The audit committee is responsible for hiring, paying, and overseeing the work of the company's external auditors. b. The audit committee is responsible for establishing procedures for receiving and dealing with complaints and anonymous employee tips regarding fraud. c. At least one member of the audit committee is a financial expert. d. The audit committee reports to the external auditórs any...
The budget committee consists of a. senior managers, including the CEO and CFO. b. representatives from the stockholders and suppliers. c. a company's stockholders. d. all employees interested in providing input to the budgeting process. 1 points Question 2 Which of the following is not typically a part of the master budget? a. Direct material purchases budget b. Performance report budget c. Projected cash receipts and disbursements d. Budgeted balance sheet 1 points Question 3 Managers may be tempted to...
What category of budgets are the governance board more likely to be interested in? The two categories of budgets are operating and financial. The board is more likely to be interested in the financial budgets. a. With a long-term view, which specific two budgets are the most relevant to the governing board and for what reason? (50–80 words) b. A new governance board member is constantly asking the accountant questions about the motor vehicle expenses that are constantly over budget....
15. A flexible budget is actually a series of budgets for varying levels of activity. A. True. B. False. 16. Which of the following budgets is used most frequently for administrative functions. A. Zero-based budget. B. Flexible budget. C. Static budget. D. Capital expenditures budget. 17. The operating budget brings together the projection of all profit-making phases of a company A. True. B. False. 18. A method of budgeting which maintains a twelve-month projection into the future is called: A....
Consider the following budgets and budget types. (Click the icon to view the budgets and budget types.) Which budget or budget type should be used to meet the following needs? a. b. c. Upper management is planning for the next five years. A store manager wants to plan for different levels of sales. The accountant wants to determine if the company will have sufficient funds to pay expenses. The CEO wants to make companywide plans for the next year. d....
Which one of the following are the components of the financial budgets? a. Budgeted statement of profit or loss, budgeted statement of financial position, cash budget and capital expenditure budget. b. Budgeted statement of profit or loss, sales/fees budget and cash budget. c. Operating budget and production budget. d. Capital expenditure budget and manufacturing budget. Which one of the following statements about a budget is correct? a. Budget targets are always impossible to meet. b. Budgets must be prepared by...
help Which of the following are responsible for raising capital and investing the organization's funds: A. Treasurer B. Audit Committee C. Controller D. Chief Financial Officer
Which of the following budgets is not directly associated with the production budget? a. sales budget b. direct labor cost budget c. capital expenditures budget d. direct materials purchase budget
When creating budgets in QuickBooks Online, which 2 are possible? (Select all that apply) A.) Budgets can be imported from Excel or .CSV B.) Budgets can be prepared to assist with the forecast of capital expenditure C.) Budgets can be prepared on monthly, quarterly, or annual basis D.) Budgets can be subdivided by class, vendor, or customer E.) Multiple budgets can be created, which can be copied and edited at any time