ENGLISH BUDGET MAP

ENGLISH BUDGET MAP

1. Budget control is a process that allows you to evaluate the performance and the performance or result obtained

   • The functions performed by budgets depend largely on one's own Company address
     • CLASSIFICATION OF BUDGETS
       • According to Flexibility
         • These are the budgets that are prepared for different levels of activity and can adapt to the circumstances that arise at any time
           • The flexible budget is prepared for different levels of operation, providing information projected for different volumes of critical variables
       • Time frame
         • They are the budgets that are planned to cover a cycle of operation and these usually cover a year or less
           • Times are short term or long term
       • Sector
         • They are those carried out by governments, states, companies Decentralized to control the finances of their different dependencies
           • These quantify the resources required by normal operation, investment and the public debt service of government agencies and entities
       • Applicability in the Company
         • Master Budget: It is a Budget that provides a comprehensive plan for An upcoming fiscal year is generally set to one year
           • Operating Budget: They are estimated that directly from the production itself up to the expenses involved in offering the product or service
             • Sales Budget: Estimates that have as a priority determine the level of actual and projected sales of a company, to determine time limit

2. MAIN ELEMENTS OF THE BUDGET

   • INTEGRATOR: Indicates that it takes into account all areas and company activities
     • COORDINATOR: The plans of the company's departments they must be prepared together and in harmony
       • OPERATIONS: It is the determination of the income that is they intend to obtain, as well as the expenses that will be produced
         • RESOURCES: The company must plan the necessary resources to carry out your operation plans, which is achieved

3. BUDGET OBJECTIVES

   • Plan the organization's results 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 periodic operations