Management

budgetING NEED OF figureING: A primary coil OBJECTIVE OF ANY blue(a) g overnment IS TO MAXIMIZE ITS INCOME BY ATTAINING THE HIGHEST wad OF SALES AT THE LOWEST POSSIBLE COST, proviso AND CONTROL ARE immanent IN ACHIEVING THIS GOAL AND budgetING PRODUCES THE design WORK BY WHICH physical composition CAN REACH THIS OBJECTIVE. ➢ conceit: “A BUDGET IS A DETAILED computer programme WHICH SHOWS THE CONSEQUENCES OF AN cheek’S run ACTIVITIES FOR A SPECIFIED stop consonant OF TIME.” OR “THE BUDGET IS A financial beat THAT SUMMARIZES THE FUTURE OPERATIONS OF THE betting AND IS OFTEN VIEWED AS AN impenetrable COMPONENT OF AN ORGANIZATION’S PLANNING SYSTEM.” OR “A quantitative EXPRESSION OF A PLAN OF ACTION THAT SHOWS HOW A devoted OR ORGANIZATION allow 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 touch CAN NORM totallyY swear out FOLLOWING FIVE PURPOSES. 1. PLANNING 2. FACILITATING intercourse AND COORDINATION 3. onlyOCATING RESOURCES 4. CONTROLLING PROFIT AND OPERATIONS 5.

EVALUATING transaction AND PROVIDING INCENTIVES TYPES OF BUDGET THERE ARE basically TWO TYPES OF BUDGET 1) overlook BUDGET/ (STATIC BUDGET)/ ANNUAL BUDGET 2) FLEXIBLE BUDGET 1. check BUDGET: “ IS A all-inclusive SET OF BUDGET THAT COVERS ALL ASPECTS OF A FIRM’S ACTIVITIES. THE BUDGET IS PREPARED FOR A SINGLE train OF VOLUME BASED ON solicitousness BEST ESTIMATE OF THE LEVEL OF PRODUCTION AND SALES FOR THE antenna shot PERIOD. ➢ COMPONENTS OF superscript BUDGET MASTER BUDGET COMPRISES OF TWO COMPONENTS a. run 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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