What is the most common starting point in the information-gathering process for budgeting?

Question

Quizplus · Accepted Answer

The most common starting point in the information-gathering process for budgeting is the sales forecast, as it provides a projection of the expected revenue that will drive the rest of the budgeting process. Personnel forecast and production forecast are also important inputs but are typically derived from the sales forecast. The projected income statement is an output of the budgeting process, not an input.

What Is the Most Common Starting Point in the Information-Gathering