Budgeting and funding affects ordinary citizens through taxation
Budgeting allows management to take a longer view of the company rather than focus solely on day to day activities. The benefits for budgeting are as follows: profitability review, performance evaluations, funding planning, and assumptions review.
Global economics have an effect on currency value and on inflation within certain countries. Global competition can affect local prices. These factors can effect budgeting practices.
it speeds it up
it is increasing the incremental cash flow
Global economics, business practices, and media bias can affect the spending habit and budgeting practices of an individual because they are external environmental factors that affect spending habits.
since it is a long run investment, the ability of the firm to involve in effective planning affect the wealth of the shareholders
No. A project may require resources other than funding, such as raw materials, licensing of copyrighted materials, experienced personnel, and so forth.
Business practices, such as pricing strategies can have a significant impact on budgeting practices. When businesses raise prices it leaves less money in the budget for other things.
the 3 factors that influences a budget are unexpeted income, unexpected expenses and inflation...
what does the process of budgeting encompass? what does the process of budgeting encompass?
information well kept can assist in budgeting and decision making
Allocated budgeting, otherwise known as "envelope budgeting", is a method of allocating funds as they become available into individual categories from which expenses are paid, as opposed to balancing a common pool into which income is deposited and from which expenditures are withdrawn in a reactionary manner.