Mathematics · Cost and Management Accounting
A management accountant plans to utilize spreadsheets to model a flexible budget system. Which of the following are distinct operational benefits of using spreadsheets for this budgeting purpose? (1) The user can change input variables and a revised version of the budget can be instantly generated. (2) Errors in a nested cell formula can be easily traced automatically, and raw data is highly resistant to accidental corruption in a spreadsheet. (3) A spreadsheet can systematically quantify qualitative, subjective factors to fully evaluate complex human decisions. (4) Managers can execute sensitivity analysis ('what-if' scenarios) much more efficiently on a budget model maintained in a spreadsheet.
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