How to Evaluate a Budget Using the Post-Audit Method

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is a capital budget?

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1. How long do companies need to budget for a large project that requires a capital budget?

2. How often can you use the post-audit method to evaluate your budget?

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About This Quiz & Worksheet

How is a post-audit performed correctly? Gauge your knowledge of this method and the meaning of a capital budget by working through the quiz and worksheet.

Quiz & Worksheet Goals

In these assessments, you will be quizzed over:

  • Why the post-audit is useful
  • The number of times you can use a post-audit
  • What a capital budget is
  • Length of time a company needs to budget for a large project that requires a capital budget

Skills Practiced

  • Reading comprehension - ensure that you pick out the most important information from the lesson on post-audits
  • Interpreting information - verify that you can read information about the meaning of capital budget and interpret it correctly
  • Information recall - access the knowledge you have gained about why companies use the post-audit method

Additional Learning

Explore more about this method by using the lesson named How to Evaluate a Budget Using the Post-Audit Method. Other topics you can review in greater detail include:

  • Characteristics of a capital budget
  • Ways to evaluate a capital budget
  • How to use the post-audit method
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