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Budgets help businesses and people manage their money. Without a budget, many people would fall short on money and not be able to provide for their families.
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∙ 9y ago
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∙ 14y agoStop you spending beyond your means
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How would you promote awareness of the importance budget control?
Human resource
Importance of accounting ratios?
accounting ratio help management to predict the further income or the improvement in expenditure of an organisation. it guards management making the budget of the organisation.
What is the importance of fixed costs versus variable costs in making a business profitable?
The importance of knowing which costs are fixed and which costs are very important in making a business profitable. In order to budget effectively, one needs to know costs that will always be the same (fixed) and the ones that sometimes change (variable).
What is the budget of Congressional Budget Office?
The budget of Congressional Budget Office is 46,800,000 dollars.
Explain the importance of budgetary control in any business?
as this quetions is related to budh«gets, I will start by explaining what a budgets is and then the importance of controlling it. A budget is a Plan which show how much money will be needed by a business and how that money will be used during a certain period. A budgetary control is process of comapring the actual expenditure with the budget amount for a certain periods. the diferences between them are called discrepancy or varinaces. Each department within a business is a llocated a budget and the concerned manager may possibly be held reponsible for any discrepancy on the budget. the discrepancy can be favourable or unfavourable but to ascertain wheter the discrepancy is favourable or not others aspects need to be taken into consideration. Budgetary control is importante in the sense that it allows to make sure that
What are the importance's of sales budget?
The importance of Sale Budget in a society
What was the Production Budget for The Importance of Being Earnest?
The production budget for "The Importance of Being Earnest" was not publicly disclosed. However, it was a modestly budgeted film due to its focus on dialogue and performances rather than elaborate sets or special effects.
How would you promote awareness of the importance budget control?
Human resource
Importance of functional budget?
You need your budget to be functional or else you might as well get rid of it. A functional budget can help you to stay on track and know where your money is.
A primary characteristic that distinguishes not-for-profit entities from business entities is?
the importance of the budget in the governing process.
What is the importance of bio-asphalt in union budget 2011?
it can be made from renewable sources and lower the temperature of urban heat island.
What is the importance of bio asphalt in union budget 2011-2012?
it can be made from renewable sources and lower the temperature of urban heat island.
What is the importance of spending time on a budget?
The importance of a budget cannot be stressed enough not only for the value of doing a budget and sticking to a it but because this culture does stress the opposite to the value of it. Spending time on a budget with all the stakeholders allows everyone to have an input and take ownership in it and the results that come from it. I don't mean that the "budget meeting" is one where one person presents the budget as set in stone and the other people are simply an audience. These "meetings" are for feedback and exchange and coming to consensus about how the money will be used to support the household. Everyone gets a vote! Spending time on a budget shows maturity, respect, and shared goals. For the adults in the discussion (whether they earn the money or not) this gets everyone on the same page and buy-in to the process. This is not a dictatorship but a mutual goal. But a budget is worthless if after the meeting every goes their own way and spends whatever they want afterwards. The budget - a good budget - is a living document - a map to the goals you want to attain to be followed by everyone without exception!
What is the importance of budget?
To make sure a person know how much is available to spend, what will be left over and what needs to be saved. It helps stop going into debt
Importance of accounting ratios?
accounting ratio help management to predict the further income or the improvement in expenditure of an organisation. it guards management making the budget of the organisation.
What actors and actresses appeared in The Importance of Being Elegant - 2004?
The cast of The Importance of Being Elegant - 2004 includes: Mere Malou as herself Archibishop of La Sape as himself Minister of the Attack as himself Minister of the Budget as himself Papa Wemba as himself
What is the importance of fixed costs versus variable costs in making a business profitable?
The importance of knowing which costs are fixed and which costs are very important in making a business profitable. In order to budget effectively, one needs to know costs that will always be the same (fixed) and the ones that sometimes change (variable).
