Annie dreads this time of year.She has to anticipate her department's needs for the next six months and allocate financial resources to cover them.What type of financial control is Annie preparing?

Question

Quizplus · Accepted Answer

Annie is preparing a budget which involves anticipating departmental needs and allocating financial resources for the next six months. A cash flow analysis, balance sheet, and profit and loss statement are important financial statements, but they do not involve the same process of allocating resources and anticipating future needs as a budget does.

Annie Dreads This Time of Year