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Budgeting concepts

Descrição

role,characteristics and types of budgets
Fawaz Aziz
Mapa Mental por Fawaz Aziz, atualizado more than 1 year ago
Fawaz Aziz
Criado por Fawaz Aziz aproximadamente 12 anos atrás
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Resumo de 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

              Anotações:

              • 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

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