Budget that works for nonprofit organization and it relates to developing programs and what not.
Accounting information is presented to internal users in the form of management accounts, budgets, forecasts andÊfinancial statements. External users are communicated accounting information in the form of financial statements. These users are creditors, tax authorities, investors, etc..
Planning and Management Staff
Annual Operating Plan - the revenue targets for sales and the operating budgets for internal groups needed to achieve those targets
ask your brain
Yes, all budgets depend on sales budgets because budgets can't exceed the amount of available money. When sales are poor, the budgets will be smaller.
About operational budgets can be read in
Budgets are not expressed in dollar value termed non-financial budgets.
Planning and Management Staff
planning and management staff
planning and management staff
Internal parties of a business means the management of business, management prepare the budgets for the business, in other words we can say that management recognizes the future transaction and estimates the monitory effect of these transaction,But the management prepares the budgets, only for internal use for this purpose the management adopts a system which is called management accounting information system and that is why they are interested in Accounting Information system. Sheraz Mansoor Nawanshehr Abbottabad (sherazmansoor@gmail.com)