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What thing Is a planning and controlling tool that reflects the firms expected sales revenues operating expenses and cash receipts and outlays.?
A budget is a planning and controlling tool that reflects a firm's expected sales revenues, operating expenses, and cash receipts and outlays. It serves as a financial roadmap, helping management allocate resources effectively and monitor performance against financial goals. By comparing actual results to budgeted figures, organizations can identify variances and make informed decisions to ensure financial stability.
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What is office supplies expense?
Office supplies expense refers to the costs incurred by a business for items necessary for daily operations, such as paper, pens, printer ink, and other stationery. These expenses are typically categorized as operating costs and are recorded in the company's financial statements. Proper management of office supplies expenses helps businesses control costs and maintain efficient operations. Tracking these expenses can also assist in budgeting and financial planning.
What is reserved income or expenses?
Reserved income refers to funds set aside for future use or obligations, often reflecting anticipated income that has not yet been realized but is expected to be received. Reserved expenses, on the other hand, are costs that a business anticipates incurring in the future and allocates funds for, ensuring financial readiness for those expenses. Both concepts are essential for effective financial planning and budgeting, helping organizations manage cash flow and prepare for future financial commitments.
What are the consequences of poor planning and poor controlling in businesses?
the consequences of poor planning and poor controlling in the businesses 1. retrenchments of jobs 2. economic melt down 3. insolvency 4.bankraptancy 5. recession 6.the escalation of crime due to job loss
What does variable expenses mean?
Variable expenses are costs that fluctuate based on an individual's or organization's level of activity or consumption. Unlike fixed expenses, which remain constant regardless of usage, variable expenses can change monthly, such as groceries, utility bills, and entertainment costs. Understanding variable expenses is essential for budgeting and financial planning, as they can significantly impact overall financial health.
GFEBS Name the steps of the Army's Cost Management process?
Cost Accounting, Cost Analysis, Cost Controlling and Cost Planning
What is the difference between seed capital and startup capital?
Seed capital is for research and planning while startup capital is for operating expenses.
What are the four stet in the planning and control cycle?
Planning, Controlling, Directing and Motivating, Controlling
Why planning and controlling inseparable?
Planning and controlling are like siemese twins thus inspararble discuss
What best states the difference between seed capital and startup capital?
Seed capital is for research and planning while startup capital is for operating expenses.
What is the relationship between planning and control?
Planning originates controlling : The controlling process and technique is decided by planning.Controlling sustains planning : It is the controlling, which directs and diverts the course of planning. Controlling invites our attention to those areas, where planning is necessary.Controlling provides statistical information for planning : The measurement and comparison of actual performance requires preparation of certain statistical information and reports which provide basis for sound planning.Planning is theoretical, whereas controlling is practical : Both planning and controlling are the two sides of the same coin. Both of them aim at achieving the maximum objectives of the business. Planning prepares plans and controlling works on it.Planning and controlling both are inter-related or interwoven : Without controlling planning is not complete. Planning is the basis of Controlling can be exercised only with reference to and on the basis of plans. Unless the management is able to fix in clear terms the objectives of the organization, and can chart out a course of action, effective controlling is impossible.Thus, planning and controlling are mutually interrelated and interdependent activities.Controlling measures plans: Controlling measures are taken in accordance with the pre-determined plans, programmes and targets.Planning and controlling, both are forward looking :Both planning and controlling aim at the future prospects of the business.
Planning is looking a head and controlling is looking back?
planning may be looking ahead whilst controlling is ensuring the planning comes to a sucessful conclusion
How does planning facilitate controlling?
planning provides the basis for control
Why Planning is Looking forward and controlling is looking backward?
To what extent is planning 'backward looking'
Planning is Looking forward and controlling is looking backward?
To what extent is planning 'backward looking'
What is the process of POLC?
Planning Organizing Leading Controlling
What is called the Siamese twin of management and why?
Planning and Controlling
Why is planning and control inseparable?
Planning and controlling are like siemese twins thus inspararble discuss
