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C_TFIN22_67 · Question #36

The difference between Planning vs. Budgeting is as below, which statement is not correct? Please choose the correct answer. Response:

The correct answer is C. Planning is based on approved funds whereas budgeting is based on funds requested. See the full explanation below for the reasoning.

Question

The difference between Planning vs. Budgeting is as below, which statement is not correct? Please choose the correct answer. Response:

Options

  • APlanning is cost oriented whereas budgeting is funds oriented.
  • BThe planning change easily where as budgeting is a binding value and new line item created for
  • CPlanning is based on approved funds whereas budgeting is based on funds requested.
  • DUnutilized budget can be carried forward in subsequent fiscal year but no such function is

How the community answered

(36 responses)
  • A
    3% (1)
  • B
    11% (4)
  • C
    72% (26)
  • D
    14% (5)

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Full C_TFIN22_67 Practice