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BUDGET

ORIGIN

CONCEPT

The Egyptians, before Christ, made estimates to forecast the results of their wheat harvests in order to prevent years of scarcity; the Romans estimated the possibilities of payment.

To the calculation and advance negotiation of the income and expenses of an economic activity, whether personal, family, business or public. It contains the expenses and income corresponding to a period, usually annual.

Until the eighteenth century when the budget began to be used as aid in the Public Administration

OBJECTIVES

Plan, integrate and systematically direct all the activities that the company must develop in a given period.

Control and measure quantitative, qualitative results and, set responsibilities in the different dependencies of the company to achieve compliance with the planned goals.

PURPOSES OF THE BUDGETS

Coordinate the different cost centers to ensure the progress of the company in a comprehensive manner

Plan the results of the organization in money and volumes.

Control the management of income and expenses of the company.

Coordinate and relate the activities of the organization.

Achieve the results of the periodic operations.