Which of the following is NOT a valid purpose of budgeting?
A . To communicate targets to managers.
B . To comply with financial reporting requirements.
C . To coordinate the different activities of an organisation.
D . To authorise managers to incur expenditure.
Answer: D
Explanation:
Reference: https://www.acowtancy.com/textbook/acca-pm/budgetary-systems/budgetary-
systems/notes