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ACT 5140 – Accounting for Decision Makers HW #2 – Chapter 9   Directions: Answer all the questions

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ACT 5140 – Accounting for Decision Makers

HW #2 – Chapter 9

Directions: Answer all the questions. Please submit your work in Word or PDF formats only. You can submit an Excel file to support calculations, but please “cut and paste” your solutions into the Word or PDF file. Be sure to show how you did your calculations. Also, please be sure to include your name at the top of the first page of your file.

Question #1

List and describe four potential advantages of budgeting and four potential disadvantages of budgeting. As part of your description, you should provide examples of the advantages and disadvantages.

Question #2

Describe the strengths and weaknesses of the three general types of budgeting processes we discussed. As part of your description, you should provide examples of the strengths and weaknesses.