AFP
CTP · Question #262
(Topic 3) The controller is developing a financial plan that includes an operating budget and a financial budget. Which of the following statements is true?
The correct answer is D. The financial budget is impacted by the company's sources and uses of cash. See the full explanation below for the reasoning.
Question
- (Topic 3)
The controller is developing a financial plan that includes an operating budget and a financial budget. Which of the following statements is true?
Options
- AThe financial budget is used to determine the operating activity level the company can
- BThe two budgets do not have any impact on each other.
- CThe operating budget is developed to determine the staffing level needed for operations.
- DThe financial budget is impacted by the company's sources and uses of cash.
How the community answered
(63 responses)- A3% (2)
- B5% (3)
- C8% (5)
- D84% (53)
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