Discussion Post
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets. Differentiate between the 2 types of budgets and include the following in your response:
o Provide an example of the type of business or company that would benefit from using a flexible budget.
o Provide support for your business selection and include the advantage for using a flexible budget over a static budget.
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.