0
Budgeting is an important planning and forecasting process for a given period. It is the itemized summary of income and expense.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What are the important features of performance budgeting?
it focuses on potential results
What is sales budgeting and why is it important?
Sales budgeting is the starting point of budgeting process as in sales budget first of all the sales demand is determined and after that all other budgets are prepared to fulfill that demand.
How are project classifications used in the capital budgeting process?
Like any other optimizing process, project classification seeks to identify most important parts of the budgeting process and give them highest priority, and to give a lower level priority parts attention they need.
What does the word budgeting mean?
Budgeting means making a financial plan about how much money to spend on specific items. You might say for example, I am budgeting a thousand dollars for snacks.
What are the advantages and disadvantages of incremental budgeting?
Some of the advantages of incremental budgeting are that this type of budgeting is easy and quick. Some disadvantages of incremental budgeting are that different methods for achieving the objective may not be considered and if the budget is not fully spent it can be reduced during the next period.
Is budgeting important?
Budgeting is an important planning and forecasting process for a given period. It is the itemized summary of income and expense.
Capital budgeting literature review?
capital budgeting is one of important in company financeing position
What are the important features of performance budgeting?
it focuses on potential results
What is sales budgeting and why is it important?
Sales budgeting is the starting point of budgeting process as in sales budget first of all the sales demand is determined and after that all other budgets are prepared to fulfill that demand.
What is the most important criteria in capital budgeting?
net present value
What is consumer math important in our society?
Consumer math is important so that individuals can do their budgeting, taxes and investing.
What does the process of budgeting encompass?
what does the process of budgeting encompass? what does the process of budgeting encompass?
What exactly is business budgeting?
Business budgeting is the process of creating a budget for a business that includes how much the business should spend in order to accomplish its goals. It is important because it serves as a guideline for the direction of the company.
What is rational budgeting?
budgeting that's rational
What is the definition of 'Marketing Budgeting'?
marketing budgeting
Why is budgeting at the corporate level important?
Budgeting in any organisation must be controlled at every level, and for large corporate organisations this is vital to their economic stability. The corporate budget should reflect the actuality of the departmental forecasts.
What is the easiest way to understand the budgeting worksheets?
The best way to understand a budgeting worksheet is to first understand that you are simply mapping out your income and expenses. It is important to picture images in your head to help you better visualize and understand.
