Budgets, a frequently used tool, have been around for a long time. Operating budgets seem to be the most common. Although seldom used to their potential, operating budgets are ordinarily among the first budgets attempted. The numbers for these budgets are not difficult to obtain, and most managers will give at least some credence to their usefulness. Cash budgets are not greatly different from operating budgets in their preparation and use. In cash budgeting, attention is focused on the receipt [...]