Which of the following is NOT a duty of the budget committee?
• Provision of information to assist in the preparation of the budgets
• Setting timetables for the preparation of functional budgets
• Producing the budget manuals
• Calculation of variances between actual and budgeted results
Doubt:
Aren't all of them a duty of budget committee?
Can you please clarify?
Ask the Tutor ACCA MA
Budgeting
2y ago#1Calculation of variances is nothing to do with the budget committee.
The budget committee oversees the preparation of the budgets. Variances are not calculated until the end of the period, which is long after the budgets are prepared.
But the answer given is producing budget manual.
2y ago#3It shouldn't be - the answer should be the calculation of variances.
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