Therefore, fixed and flexible budget both are forms of budgeting that are essential for any company want to control, make suitable decisions and coordinate business operation. However, they also have some differences. For fixed budget, it will be suitable for TFH when company operates in a less dynamic business environment, while the flexible budget is the best for business operating of TFH in a cluttered market. Moreover, fixed budget is much easier to prepare than a flexible budget because it does not require continuous modification, while the flexible budget is more complicated with considering being greater than in number. Besides, the accuracy of flexible budget can be easily affected by changes in business environment. On the other hand, the flexible budget will be also mainly preferred by TFH because it allows company to conduct plans better and adjust to unexpected situation.So, fixed and flexible budget is the budget forms necessary for any company that wants to control, appropriate decisions and coordinate business activities. However, they also have some differences. For a fixed budget, it would be appropriate for TFH when companies operating in a dynamic business environment, while less flexible budget is best for the business activities of the TFH in a cluttered market. Moreover, fixed budget is much easier to prepare than a flexible budget because it does not require changing constantly, while the flexible budget is more complicated with a larger number of review. Besides, the accuracy of the budget flexibility can be easily affected by changes in the business environment. On the other hand, Budget flexible will be also mostly preferred by TFH as it allows the company to conduct better planning and adapting to unexpected situation
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