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Identify and list the 5 methods of controlling a budget:

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2.
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Sagot :

GinnyAnsweridn

Final answer:

Controlling a budget involves utilizing methods such as zero-based budgeting, variance analysis, incremental budgeting, activity-based budgeting, and flexible budgeting.


Explanation:

Controlling a budget involves utilizing various methods to ensure financial stability and efficiency. Here are five key methods utilized:

  1. Zero-based budgeting: Each budget cycle starts from scratch, requiring justification for every expense.
  2. Variance analysis: Comparing actual expenses to budgeted amounts to identify discrepancies.
  3. Incremental budgeting: Making adjustments to previous budgets based on changes in resources and needs.
  4. Activity-based budgeting: Allocating resources based on the activities that drive costs.
  5. Flexible budgeting: Adapting the budget to changes in circumstances or objectives.

Learn more about Budget Control Methods here:

https://brainly.com/question/51453211


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