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Chapter 3

Approaches to budgets

Outcome

By the end of this session you should be able to:

 evaluate the strengths and weaknesses of alternative budgeting models and
compare such techniques as fixed and flexible, rolling, activity based, zero
based and incremental

 discuss and evaluate the application of activity-based management

 evaluate different types of budget variances and how these relate to issues in
planning and controlling organisations

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 3 of your Study Text

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