Chapter 5.7: Sources Of Budget Data

Question 1

What are some internal sources of budget data?

Answer 1

. Financial Statements
. Sales and revenue data
. Production data
. Inventory records
. Employee records
. Historical budgets
. Project plans
. Departmental inputs
. Operational data

Question 2

What are some external sources of budget data?

Answer 2

. Market research
. Economic indicators
. Supplier information
. Competitor analysis
. Regulatory and legal information
. Industry benchmarks
. Customer demand
. Financial institutions
. Consultants and experts
. Government statistics
. Financial publications
. Internet