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Budgets are official statements of income and expenditure estimate during a specified period depending on earlier plans or records. A budget can be made by a team, a person, a business, the government, or someone who need to monitor his expenses and revenue.

Budgets can be static and flexible depending on their nature. Students pursuing costing often get assignments to write on this topic. To reduce the workload of students and for their convenience, we at BookMyEssay offer students with Static and Flexible Budgeting assignment help. We explain all topics in great detail.

What is a Static and Flexible Budget?

A static budget is a budget wherein the quantitative figures of both income and expenditure of a team, person, government, or company are fixed depending on assumptions and earlier data gathered for a definite period, which can be from a daily to an annual basis. It is a simple budget because the figures are pre-decided and it does not consider any changes and fluctuations in its activity levels. 

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It thinks that all conditions shall remain fixed. It is used by organizations, which deals with goods that have fixed transactions and prices, educational and government organizations, and others.

A flexible budget is a kind of budget prepared in a manner that enables changes as per the changes made in assumptions during the preparation. It is a sophisticated budget because while preparing it one can consider the variations and changes, which can occur in a future reporting period.

Many budgets are made for meeting the specific changes. People should have detailed knowledge of the fixed costs and the variable costs. As changes in sales are bound to occur and thus designed as flexible. A fashion industry business has a flexible budget because fashion style changes frequently.

BookMyEssay has a team of best Australian writers who will accompany you to write your difficult assignments and provide you best Static and flexible budgeting assignment help.

Pros of a Static Budget and a Flexible Budget

The pros are discussed in our Static and Flexible Budgeting assignment help:

Static Budget

  • It can be implemented and followed easily because it does not need constant updating
  • It provides great insights into the profits and costs of a company if you do variance analysis.
  • It is good for master budgets
  • It has in-built accountability and cost controls as there is no wiggle toom into a budget
  • It simplifies taxes and also makes it easy to estimate the taxes owed.

Flexible Budget

  • It offers an accurate reflection of the present financial state
  • It enables you to address easily the changes in the market conditions and circumstances including market fluctuations and business volume.
  • It can help your company to avoid risks while looking for new opportunities.
  • Resource allocation is not rigid.
  • It can account for any unexpected expenses
  • It can control costs in a better way.

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What are the differences between Flexible and Static Budgeting?

The differences are highlighted in our Static and Flexible Budgeting homework help service:

  1. Fixed Budget is rigid and it does not change whereas Flexible Budget changes as per the situation.
  2. A flexible budget takes more time for formulation compared to a static budget that is much simpler.
  3. In a static budget, there are no fluctuations during a reporting period and a flexible budget can adapt to changes.
  4. A static budget is used rarely and is not realistic when economies change but flexible data can give a realistic representation of marketplaces.

Features of BookMyEssay

For college and university students, writing assignments is a difficult job. With the Static and Flexible Budgeting assignment help provided by us, we can assist you achieve academic success with the best grades. We have hired a team of professional online assignment writers who belong to diverse professional backgrounds and they are well-informed of the school and university demands. Our academic tutors do perfect referencing, formatting, and we provide assignments on a wide range of subjects.

Our acadmeic experts produce assignments from scratch and we always adhere to the instructions of customers. We produce assignments from scratch. This way we can assure you of original writing service. Moreover, we check our assignments with a reliable plagiarism tracking software - Turnitin to ensure there are no traces of plagiarism in them. We never compromise on the quality of our papers.

We undertake routine as well as urgent Static and Flexible budgeting assignment homework help service. We understand the importance of deadlines and therefore we provide our work much before the deadline. This gives a lot of scopes for students to proofread assignment and review. On review, if there are mistakes, you can contact us for revision services. We shall offer unlimited free revision services.

Our customer support team is there to help you 24x7. If you have queries such as: "do my assignment for me" and want to communicate with our experts, you can reach out to our customer team. You can reach out to us through live chats, phone calls, and emails. Our team shall respond to your questions immediately. So, if you need Static and Flexible Budgeting assignment help at low prices, you can contact us now.

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