Budget, in short is a company’s annual financial plan. In long word, it is a set of formal (written) statements of management’s expectations regarding sales, expenses, production volume, and various financial transactions of the firm for the coming period. Budget is consists of pro forma statements about the company’s finances and operations. It is the company’s tool for both planning and control. At the beginning of the period, the budget is a plan or standard; and at the end of [...]
Archive for Category: "Budgeting"
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Recents Comments
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Tommy: Good article really.. but without any more real advices
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Mr E: Better than my professor. Keep up the great work. Thi
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Robert Achenbach: Re the article "Accounting For Income Taxes In Interim
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Martin: I am not clear on how to allocate the cost of purchase
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Md. Meer Rahat: Hi! I have been a credit and A/R professional with my c
