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To make sure expenses are below income
What else can I help you with?
What is the purpose of a adjusted trial balance?
Budgeting and Forecasting
Explain the purpose and nature of budgeting process?
3.1 Purpose and nature of budgeting process adoptedBudget is a monetary plan of a department, project, or organization that estimates probable income and expenditure of a specific period. From government, large corporation to small company, family or individual prepare budget. Purpose of budget:Estimating future income, expenditure and obviously profitabilityProviding a financial framework to managers for decision makingAnother purpose of budgeting is to help managers to compare the estimated output with actual performanceNature of budgeting process adopted in the case:Estimated the financial environment on the basis of last budgetDetermined the probable amount of cash will be generated from sales or other activitiesDefined the required expenditure such as raw materials,labors, production overheads and advertisements.Then subtracting estimated expenses from estimated revenues. Whether the budget is surplus or deficit is determined.After review and revised then final budget is submitted.After the budget period ending, then estimated results are compared with actual result. Actually budgeting process may be differs from budget to budget, company to company.
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.
Where can one learn how to use zero based budgeting?
Zero based budgeting is a really good approach to planning and making decision which is the opposite of traditional budgeting. The term "zero-based budgeting" is sometimes used in personal finance to describe "zero-sum budgeting", the practice of budgeting every dollar of income received, andthen adjusting some part of the budget downward for every other part that needs to be adjusted upward.
What is the purpose of capital budgeting?
The purpose of capital budgeting is to help poor people and others improve their life.
What is the purpose of a adjusted trial balance?
Budgeting and Forecasting
What is the purpose of EP budgeting?
EP Budgeting, renamed MovieMagic Budgeting, is a software package developed by Entertainment Partners for financing and accounting of movie and TV productions/projects.
What has the author K E Rose written?
K. E. Rose has written: 'Towards multi-purpose budgeting in local government' -- subject(s): Local budgets, Program budgeting
Internal Rate of Return serves what purpose?
Internal Rate of Return is used in capital budgeting. Its primary purpose is to better measure the profitability of investments and to compare this profitability.
What does the process of budgeting encompass?
what does the process of budgeting encompass? what does the process of budgeting encompass?
What is rational budgeting?
budgeting that's rational
What is the definition of 'Marketing Budgeting'?
marketing budgeting
What is the objective of capital budgeting?
objectives of capital budgeting
Water budgeting and marketing?
BUDGETING AND MARKETING OF WATER
What is Expense Budgeting Why we have to prepare Expense Budgeting?
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Objectives of capital budgeting?
what are the objective of capital budgeting
