The starting point of the budget cycle is:
A) Reassess organisational vision and core competencies.
B) Reconsider long term strategy
C) Translate strategies and operating plans into financial data.
D) None of the above.

Question

Quizplus · Accepted Answer

The starting point of the budget cycle is to reassess organisational vision and core competencies. This is because the budget is a financial plan that outlines how an organization will allocate its resources to achieve its goals. In order to create a budget that is aligned with the organization's goals, it is important to first understand the organization's vision and core competencies.

The Starting Point of the Budget Cycle Is