- This topic has 5 replies, 2 voices, and was last updated 7 years ago by .
Viewing 6 posts - 1 through 6 (of 6 total)
Viewing 6 posts - 1 through 6 (of 6 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Budget
Flexible and flexed budget are two different things? Or they both have same meanings
A flexed budget is when we rewrite the original budget for the actual level of activity.
A flexible budget is a budget prepared in a way that can be easily flexed (i.e. the variable costs are separated out from the fixed costs).
to calculate variances we prepare flexible budget?
No – of course not.
You can be asked to prepare a flexed budget, certainly. But you are also expected to be able to calculate specific variances directly without messing around with a flexed budget first.
You need to watch my free lectures on variances where I explain this.
Okay thank you sir
You are welcome 🙂