Forums › ACCA Forums › ACCA MA Management Accounting Forums › Is flxed budget and flexible budget same?
- This topic has 4 replies, 2 voices, and was last updated 14 years ago by mta682.
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- December 11, 2010 at 4:33 pm #46906
please help me as early as possible.
December 11, 2010 at 6:34 pm #74460Flxed budget ?!!
Do you mean fixed budget? As far as I know, we don’t have anything like Flxed budget.Good luck
December 12, 2010 at 4:18 pm #74461my mistake, it should be flexed budget
December 12, 2010 at 4:45 pm #74462Oh yea, it could be flexed budget. Those are same but applicable in two ways;
Flexible budget
A budget that takes into account the fact that values for income and expenditure on some items will change with changing circumstances. Consequently, in a flexible budget the cost allowance for each variable cost item will change to allow for the actual levels of activity achieved.Flexed budget
A budget that has been adjusted in this way ( explained as above ) is known as a flexed budget.December 17, 2010 at 12:17 pm #74463Still it is not clear to me. Would you like to give me an example of this? Which one is important for exam or Variance Analysis?
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