please help me as early as possible.
ACCA Forums
MAIs flxed budget and flexible budget same?
Flxed budget ?!!
Do you mean fixed budget? As far as I know, we don't have anything like Flxed budget.
Good luck
Do you mean fixed budget? As far as I know, we don't have anything like Flxed budget.
Good luck
my mistake, it should be flexed budget
Oh 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.
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.
Still 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?
Sign in to reply to this topic.