Which of the following statements about budgeting is INCORRECT?
A)Budgets help to coordinate the activities of the entire organisation.
B)Budgeting is an accounting function and does not need involvement of operations personnel.
C)Budgets promote communication and coordination between departments.
D)Budgeting is an aid to planning and control.

Question

Quizplus · Accepted Answer

Budgeting is not solely an accounting function; it requires the involvement of operations personnel to ensure that the budget reflects the operational realities and goals of the organization.

Which of the Following Statements About Budgeting Is INCORRECT