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You should follow the same budget as long a necessary to control your spending and to meet your financial goals.?
Wiki User
∙ 11y ago
no you may need to change it as your needs change
Wiki User
∙ 11y ago
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Why management accounting effective tool for financial control?
You need to keep track of your finances in order to keep a budget. If everyone is spending whatever they want, your financial control goes away and you will be in debt.
What are the advantages and disadvantages of a budget?
Budgets can help you control spending and to gain a clear picture of your financial status. However, budgeting can take a lot of time, and errors can occur.
What is controllable spending?
Controllable spending is simply spending that a given manager has control over. Controllable spending is examined in evaluating the budget performance of the manager who had control, in seeing how well he managed costs for his unit.
Function of budget?
A function of a budget is to use it as a tool to control the financial resources and to track budget execution. Another function of a budget is to be planning to of cash flow for an individual or organization and what is being spent.
What is the purpose of creating a budget?
Budgets are financial documents used by households or businesses to plan for their financial futures. They assist people in understanding what bills they have, how much money is left over and where the extra amount goes. Budgets serve many purposes including understanding spending habits, gaining control of the money and developing a savings plan.
Should you follow the same budget as long as necessary to control your spending and meet your financial goals?
no you may need to change it as your needs change
Why management accounting effective tool for financial control?
You need to keep track of your finances in order to keep a budget. If everyone is spending whatever they want, your financial control goes away and you will be in debt.
Why is a budget necessary?
If there is a limited amount of money, a budget is necessary. This means that a budget is almost always necessary. The reason is that a budget keeps spending in control. By knowing how much money can be spent on one thing, such as clothing, one can know that there will be money left over to buy another thing, such as groceries.
Is a budget always necessary Why?
If there is a limited amount of money, a budget is necessary. This means that a budget is almost always necessary. The reason is that a budget keeps spending in control. By knowing how much money can be spent on one thing, such as clothing, one can know that there will be money left over to buy another thing, such as groceries.
What are the advantages and disadvantages of a budget?
Budgets can help you control spending and to gain a clear picture of your financial status. However, budgeting can take a lot of time, and errors can occur.
What does a budget reveal about a government?
A budget reveals the spending plan for the fiscal year, as well as the government's financial priorities and goals.
What are characteristics of budget?
A budget is a financial blueprint. A budget is something that is put into action, followed by people, constrains spending, sets targets and has a life cycle.
What are the Characteristics of the budget?
A budget is a financial blueprint. A budget is something that is put into action, followed by people, constrains spending, sets targets and has a life cycle.
What is controllable spending?
Controllable spending is simply spending that a given manager has control over. Controllable spending is examined in evaluating the budget performance of the manager who had control, in seeing how well he managed costs for his unit.
What step in the budget process does the House of Representatives control?
The House of Representatives turns the president's budget into spending bills.
Which step in the budget process do both houses of Congress control?
Answer this question… Both houses work on spending bills based on the president's budget.
How do you get budget deficit?
Budget deficit is a financial situation that occurs when an organization has more money going out than coming in. The term is commonly referred to government spending.
