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Fixed / Flexed / Flexible Budgets

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Fixed / Flexed / Flexible Budgets

  • This topic has 3 replies, 3 voices, and was last updated 1 year ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • September 26, 2021 at 4:57 pm #636532
    Syed Ahsan Ali
    Participant
    • Topics: 111
    • Replies: 69
    • ☆☆

    Could you plz help me understand these three methods of budgeting:

    1) Fixed Budget
    2) Flexed Budget
    3) Flexible Budget

    Please tell me the difference between all of these methods. I appreciate your help 🙂

    September 27, 2021 at 8:26 am #636556
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51582
    • ☆☆☆☆☆

    The fixed budget is the original budget.

    The flexed budget is the original budget adjusted for the actual level of activity.

    A flexible budget is one designed so as to be easily flexed (so with variable and fixed costs identified separately).

    All of this is explained in my free lectures!

    October 1, 2021 at 9:04 am #636805
    shaunak22
    Participant
    • Topics: 218
    • Replies: 41
    • ☆☆☆

    QUESTION – flexible budgets enable actual results to be compared with expected results same volume of activity -true or false

    in the (bpp exam kit) the answer is true.

    DOUBTS – Sir Doesn’t FLEXED enable actual results to be compared with expected results same volume of activity? so should’t the answer be false ?

    reference – BPP EXAM KIT JUNE 2021 QUESTION NO 175

    October 1, 2021 at 4:16 pm #636828
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51582
    • ☆☆☆☆☆

    It is true.

    A flexible budgets enables a flexed budget to be prepared and therefore enables the actual results to be compared with expected results for the same volume of activity,
    .

  • Author
    Posts
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