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Answer to Question #78589 in Accounting for Liam Johnston
Question #78589
What happens to assumptions over time?
what makes the best budget assumptions?
what happens to invalid assumptions?
what makes the best budget assumptions?
what happens to invalid assumptions?
Expert's answer
When making the budget, assumptions are made about the dynamics of development of internal and external business conditions.
Budgetary assumptions can be changed over time. The best budget assumptions will be valid for much longer than unacceptable budgetary assumptions.
Budgetary assumptions can be changed over time. The best budget assumptions will be valid for much longer than unacceptable budgetary assumptions.
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#340153 on Dec 2023
#340153 on Dec 2023
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