Accounts and finance

Table of Contents

1. Topic pack - Accounts and finance - introduction
2. 3.1 Sources of finance - notes
3. 3.1 Sources of finance - questions
4. 3.2 Investment appraisal - notes
5. Investment appraisal
6. 3.2 Investment appraisal - questions
7. 3.3 Working capital - notes
8. 3.3 Working capital - questions
9. 3.4 Budgeting - notes (HL only)
10. 3.4 Budgeting - questions
    1. Types and purposes of budgets - short answer questions
    2. Variance analysis - short answer questions
    3. Variance analysis - case study
    4. Budgeting for R&D
    5. Budgeting for advertising
11. 3.5 Final accounts - notes
12. 3.5 Final accounts - questions
13. 3.5 Final accounts - simulations and activities
14. 3.6 Ratio analysis - notes
15. 3.6 Ratio analysis - questions
16. 3.6 Ratio analysis - simulations and activities
17. Printable version

Types and purposes of budgets - short answer questions

Question 1

Define the term 'budget'.

Question 2

Explain two disadvantages of budgets.

Question 3

Describe zero-based budgeting.

Question 4

Analyse the costs and benefits of zero-based budgeting.

Question 5

Discuss whether a budget can ever be accurate.