Which of the following is not a characteristic of a performance budget?Question 3Answera.It is not concerned with how the goals of the budget will be realised.b.It links strategic planning information with the budgetc.Development and integration of performance measures into budgetd.It helps in identification of mission, goals and objectives of an organisation
Question
Which of the following is not a characteristic of a performance budget?Question 3Answera.It is not concerned with how the goals of the budget will be realised.b.It links strategic planning information with the budgetc.Development and integration of performance measures into budgetd.It helps in identification of mission, goals and objectives of an organisation
Solution
The characteristic that is not associated with a performance budget is:
a. It is not concerned with how the goals of the budget will be realised.
Performance budgeting is a budgeting system that expresses the budget in terms of functions, programmes and activities related to the goals and objectives of an organisation. It is very much concerned with how the goals of the budget will be realised. It links the budget with the strategic planning information, develops and integrates performance measures into the budget, and helps in the identification of mission, goals and objectives of an organisation.
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