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ACCA Paper F2 budgeting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › ACCA Paper F2 budgeting

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.
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  • September 25, 2016 at 9:41 am #341622
    tahajaffri
    Member
    • Topics: 27
    • Replies: 24
    • ☆☆

    hi Mr.Moffat..we calculate variances by comparing flexed budget with actual result..so why we make fixed budget?because fixed budget does not play any role in calculating variances.so why we make fixed budget?

    September 25, 2016 at 2:59 pm #341633
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54671
    • ☆☆☆☆☆

    The fixed budget gives the overall target profit for the year. If something goes wrong and (for example) they have to increase wages for some reason and so the profit will be less, then they will look for ways of saving money elsewhere to try and still make the target profit.

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