Budgeting concepts

Descripción

role,characteristics and types of budgets
Fawaz Aziz
Mapa Mental por Fawaz Aziz, actualizado hace más de 1 año
Fawaz Aziz
Creado por Fawaz Aziz hace alrededor de 12 años
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Resumen del Recurso

Budgeting concepts
  1. Role of budgets
    1. Budget as a tool
      1. Planning tool
        1. Control tool
          1. Motivational tool
            1. Means of communication
            2. As a formal quantification of mgmt's plan

              Nota:

              • 1)Corporations have goals for market share,profitability,growth,dividend payout etc,these goals cannot be achieved without careful planning about the allocation of resources and the expected results. 2)A budget lays out in specific terns an organization's expectations about the consumption of resourcese and the resluting outcomes
              1. As overall planning and evaluation process
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