ACCA PM Classroom - Syllabus D1. Budgetary systems and types of Budget 1 / 11
a) Explain how budgetary systems fit within the performance hierarchy.
b) Select and explain appropriate budgetary systems for an organisation, including top-down, bottom-up, rolling, zero-base, activity-based, incremental and feed-forward control.
c) Describe the information used in budget systems and the sources of the information needed.
d) Indicate the usefulness and problems with different budget types (including fixed, flexible, zero-based, activity- based, incremental, rolling, top-down, bottom up, master, functional).
e) Prepare flexed budgets, rolling budgets and activity based budgets.
f) Explain the beyond budgeting model, including the benefits and problems that may be faced if it is adopted in an organisation.
g) Discuss the issues surrounding setting the difficulty level for a budget.
h) Explain the benefits and difficulties of the participation of employees in the negotiation of targets.
i) Explain the difficulties of changing a budgetary system or type of budget used.
j) Explain how budget systems can deal with uncertainty in the environment.
C2a) Analyse fixed and variable cost elements from total cost data using high/low method.