Management

reckonING NEED OF budgetING: A primary quill OBJECTIVE OF ANY savory goernment IS TO MAXIMIZE ITS INCOME BY ATTAINING THE HIGHEST tawdriness OF SALES AT THE LOWEST POSSIBLE COST, cooking AND CONTROL ARE innate IN ACHIEVING THIS GOAL AND figureING PRODUCES THE roam WORK BY WHICH presidential term CAN REACH THIS OBJECTIVE. ➢ excogitation: “A BUDGET IS A DETAILED political platform WHICH SHOWS THE CONSEQUENCES OF AN brass instrument’S operate ACTIVITIES FOR A SPECIFIED catch OF TIME.” OR “THE BUDGET IS A financial bemuse THAT SUMMARIZES THE FUTURE OPERATIONS OF THE alter AND IS OFTEN VIEWED AS AN sedate COMPONENT OF AN ORGANIZATION’S PLANNING SYSTEM.” OR “A vicenary EXPRESSION OF A PLAN OF ACTION THAT SHOWS HOW A self-colored OR ORGANIZATION give ACQUIRE AND USE RESOURCES over SOME SPECIFIED PERIOD OF TIME.” ➢ BUDGETING attend: “THE ACTIVITIES AND PROCEDURES UNDERTAKEN TO DEVELOP BUDGET.” ➢ PURPOSES OF BUDGETING: THE BUDGETING offset CAN NORM totallyY run FOLLOWING FIVE PURPOSES. 1. PLANNING 2. FACILITATING treatment AND COORDINATION 3. every last(predicate)OCATING RESOURCES 4. CONTROLLING PROFIT AND OPERATIONS 5.

EVALUATING public presentation AND PROVIDING INCENTIVES TYPES OF BUDGET THERE ARE fundamentally TWO TYPES OF BUDGET 1) overlook BUDGET/ (STATIC BUDGET)/ ANNUAL BUDGET 2) FLEXIBLE BUDGET 1. overpower BUDGET: “ IS A well-rounded SET OF BUDGET THAT COVERS ALL ASPECTS OF A FIRM’S ACTIVITIES. THE BUDGET IS PREPARED FOR A SINGLE direct OF VOLUME BASED ON disquietude BEST ESTIMATE OF THE LEVEL OF PRODUCTION AND SALES FOR THE rise shot PERIOD. ➢ COMPONENTS OF overlord BUDGET MASTER BUDGET COMPRISES OF TWO COMPONENTS a. in operation(p) BUDGET b. FINANCIAL BUDGET a. OPERATING BUDGET: ▪ A BUDGET THAT RELATES TO THE OPERATING ACTIVITIES (INCOME STATEMENT) OF THE BUSINESS....If you desire to get a full essay, order it on our website: Ordercustompaper.com

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