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what does the process of budgeting encompass? what does the process of budgeting encompass?
objectives of capital budgeting
Meaning of Capital Budgeting
1) What is capital budgeting? What are its objectives?
Traditional budgeting is less precise because money that is left over is not accounted for. Zero based budgeting accounts for every single dollar, hence it is more accurate.
It is important to prioritise targets and set timescales in order to effectively manage your workload. By prioritising your workload you will be able to identify which tasks/jobs have to be carried out first as they will be either more important or urgent than the others. If you set timescales for your workload then you will be able to see if you are spending too much time on a certain area rather than moving on to other more pressing matters.
How to prioritise targets and set timescales
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.
The purpose of agreeing quality measures and timescales with a team is to have a goal for that team. The benefit is the team has a goal to shoot for. They know the basic time frame they need to meet and how they need to meet it.
You could set out timescales by making set tables to get the quality of timescales at standard You could set out timescales by making set tables to get the quality of timescales at standard
There is a need for correlating budgeting with planning because without a budget the plan could not be put into reality.
Unserviceable condition and service-life expiration
service-life expiration unserviceable condition
what does the process of budgeting encompass? what does the process of budgeting encompass?
You need to go through the budgeting process. This will ensure that you know how much is being spent and where it is being spent.
identify three need of motivation
budgeting that's rational