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Budgets and Budgetary Control · CAPE Management of Business Unit 1

23 past-paper questions on Budgets and Budgetary Control, part of Module 3: Business Finance and Accounting, from every CAPE Management of Business Unit 1 paper on Quelpr.

Practise Budgets and Budgetary Control
  1. 14(a)2 marks· CAPE Management of Business Unit 1 · 2002 · Paper 1Construct a cash flow forecast statement for Iris Wholesales for the month of December.
  2. 14(b)1 mark· CAPE Management of Business Unit 1 · 2002 · Paper 1Suggest ONE reason why it is useful for firms to use cash flow forecast statements.
  3. 15(a)1 mark· CAPE Management of Business Unit 1 · 2005 · Paper 1Compute the cash inflow from sales in January.
  4. 15(b)2 marks· CAPE Management of Business Unit 1 · 2005 · Paper 1Compute the total cash inflow altogether from sales for the two months, January and February.
  5. 14(a)1 mark· CAPE Management of Business Unit 1 · 2006 · Paper 1Define the term 'cash budget'.
  6. 6(a)4 marks· CAPE Management of Business Unit 1 · 2006 · Paper 2Distinguish between an operational budget and a capital budget and give an example of each.
  7. 6(b)21 marks· CAPE Management of Business Unit 1 · 2006 · Paper 2Prepare a Cash Budget in columnar (tabular) form in as much detail as possible for the months of April and May 2005. Round all final figures to the nearest whole number.
  8. 6(a)2 marks· CAPE Management of Business Unit 1 · 2008 · Paper 2Define the term 'budget'.
  9. 6(b)8 marks· CAPE Management of Business Unit 1 · 2008 · Paper 2Explain FOUR ways by which a firm may benefit from having a budget.
  10. 6(c)6 marks· CAPE Management of Business Unit 1 · 2008 · Paper 2Explain THREE shortcomings that a business firm may experience from having a budget.
  11. 5(a)(i)2 marks· CAPE Management of Business Unit 1 · 2013 · Paper 2Define the term 'variance'.
  12. 5(a)(ii)3 marks· CAPE Management of Business Unit 1 · 2013 · Paper 2Calculate the variances for EACH department at Sugarary Producers Ltd.
  13. 5(a)(iii)3 marks· CAPE Management of Business Unit 1 · 2013 · Paper 2State what EACH variance calculated in (a)(ii) indicates about the performance of the company.
  14. 5(b)(i)2 marks· CAPE Management of Business Unit 1 · 2013 · Paper 2Define the term 'budget'.
  15. 5(b)(ii)3 marks· CAPE Management of Business Unit 1 · 2013 · Paper 2State THREE reasons why it is important for Sugarary Producers to construct a budget.
  16. 6(b)(i)2 marks· CAPE Management of Business Unit 1 · 2016 · Paper 2Define the term 'Variance'.
  17. 6(b)(ii)2 marks· CAPE Management of Business Unit 1 · 2016 · Paper 2Define the term 'Budget'.
  18. 6(c)3 marks· CAPE Management of Business Unit 1 · 2016 · Paper 2Calculate the variances for EACH department at Tropical Juices Ltd.
  19. 6(d)12 marks· CAPE Management of Business Unit 1 · 2016 · Paper 2Explain FOUR benefits of budgeting to Tropical Juices Ltd.
  20. 3(a)(ii)2 marks· CAPE Management of Business Unit 1 · 2017 · Paper 2Define the term 'budgetary control'.
  21. 3(b)6 marks· CAPE Management of Business Unit 1 · 2017 · Paper 2Explain two ways in which a business can benefit from having a cash budget.
  22. 3(a)(ii)2 marks· CAPE Management of Business Unit 1 · 2018 · Paper 2Define the term 'Cash budget'.
  23. 3(c)12 marks· CAPE Management of Business Unit 1 · 2018 · Paper 2Discuss THREE advantages Basket and Things could experience by preparing a monthly cash budget.

Related topics in Module 3: Business Finance and Accounting