Imagine that your budget is like driving a car - surely you want/ need to be in control at all times.
It gives you and others a sense of control,of knowing how much slack there is in your finances-the alternative is pretty scary-with lots of potential for nasty surprises.Helps you to plan your strategy more effectively, alerts you to the twin perils of under or overspending and hopefully allows you time to take an alternative route.
The railways ministry has in charge the organization controlling the Indian Railways , Functions of Railway Ministry include organizing the budget and naming directives of the company
Police are responsible for controlling crime.
Hitler claimed the Jews was secretly controlling the economy of Germany.
The countryside
The Governor submits a state budget to the legislature:)
Advantagenof budget
Advantages of a sales budget is that it can help businesses to reach a certain selling goal.
The advantages of a budget website is that the goods are often much cheaper and it is almost always sustainable to keep buying goods from a budget website.
Baseline budgeting facilitates integrating the planning and controlling of projects by providing the baseline budget itself. Having a baseline budget?æplan with time phases allows better project planning.
There are so many advantages of the fixed budget. This makes planning and forecasting easy since the values in the budget do not change and thus it makes it easy to monitor growth of the business.
fixed budget is the budget whose all estimation is not changed after making this type of budget for more knowledge of budget == == == == == ==
ADVANTAGES OF PRODUCTION BUDGET:-The following are the advantages of production budget:* Plant and machinary can be utilised to a maximum extent* Labour hours can be utilised to a greater extent*It help to reduce production expenses as there is uniform production*It is enough to maintain minimum stock of goods*Purchase cost budget can be prepared*Production cost budget can be prepared
I guess you could sink a ship??
Budget is used to aid the managing of actual operation and to represent a detailed breakdown of how a company presumes to spend money. This can be beneficial in controlling how much budget spent on a certain task.
You need your budget to be functional or else you might as well get rid of it. A functional budget can help you to stay on track and know where your money is.
Budget is used to aid the managing of actual operation and to represent a detailed breakdown of how a company presumes to spend money. This can be beneficial in controlling how much budget spent on a certain task.
Direct labor budget is used for controlling purpose as it tells that how much direct labor is required for specific job to be complete.