Copy and Edit

Budgeting concepts

Description

role,characteristics and types of budgets
Fawaz Aziz
Mind Map by Fawaz Aziz, updated more than 1 year ago
Fawaz Aziz
Created by Fawaz Aziz about 12 years ago
30
0
0

Resource summary

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

              Annotations:

              • 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
                1. Enter text here
              Show full summary Hide full summary

              Want to create your own Mind Maps for free with GoConqr? Learn more.

              Similar

              Browse Library