◈ Oracle PrepSign Up Free
A-LevelAccountingBudgeting and budgetary control9706/12 · Oct/Nov 2018 · Q301 Mark

Which statement identifies an advantage to a business of financial planning?

ANot all managers are aware of business financial planning.
BSpecialist knowledge is required to prepare the financial plans.
CThe financial plans provide targets for managers to achieve.
DTime and cost is required to prepare the financial plans.

✓ Correct answer

C: The financial plans provide targets for managers to achieve.

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Budgeting and budgetary control and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
Budgeting and budgetary control, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Oct/Nov 2018 Paper 1 Variant 2, question 30.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

Budgeting and budgetary controlMay/June 20151m

Which statement about a cash budget is correct?

Budgeting and budgetary controlMay/June 20161m

Who should be on the budget committee?

Budgeting and budgetary controlMay/June 20171m

Which statement is not a reason why a business prepares budgets?

Analysis and communication of accounting informationOct/Nov 20121m

A company has the following year end information. $000 credit purchases 210 credit sales 630 total purchases 280 …

Analysis and communication of accounting informationOct/Nov 20121m

A company has a current ratio of 2:1. Which transactions would always increase the ratio? 1 buying goods on credit 2 …

Analysis and communication of accounting informationOct/Nov 20121m

A company wants to increase its return on capital employed in the short-term. Which course of action will achieve this?

← Browse all past-paper questions

© 2026 Oracle Prep