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Questions and Answers
What is the primary purpose of 'الموازنة التقديرية'?
What is the primary purpose of 'الموازنة التقديرية'?
- To finalize budget figures
- To forecast financial needs (correct)
- To track expenditure
- To review financial reports
What does 'الموازنة التقديرية' refer to?
What does 'الموازنة التقديرية' refer to?
- Budget implementation
- Budget estimation (correct)
- Budget auditing
- Budget allocation
Who is typically involved in the process of 'الموازنة التقديرية'?
Who is typically involved in the process of 'الموازنة التقديرية'?
- Financial analysts (correct)
- Tax auditors
- Budget enforcers
- Investment bankers
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Study Notes
Estimation Budgeting (الموازنة التقديرية)
- The primary purpose of estimation budgeting is to allocate financial resources to projects or activities based on estimated costs and forecasts.
- Estimation budgeting refers to the process of allocating financial resources to projects or activities based on estimates of costs, revenues, and profits.
- Typically, the following individuals or groups are involved in the estimation budgeting process:
- Project managers
- Financial managers
- Cost estimators
- Business analysts
- Department heads
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