Discussion Post: Managerial Accounting
Answer each of the following questions in detail. Provide in-text citations and include examples whenever applicable.
• Explain fixed and flexible budgeting. Provide an example of budgeting for three consecutive periods in which safety margin is included for flexibility.
• Explain statement of cash flows performance and its significance in budgeting. Provide a hypothetical example of a statement of cash flows in a manufacturing enterprise.
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.