Budget preparation process pdf

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Is this content inappropriate? Report this Document. Flag for inappropriate content. Download now. Save Save 09 - Budget Preparation. Original Title: 09 - Budget Preparation. Related titles. Carousel Previous Carousel Next. Chepter-7 Measuring and Controlling Assets Employed. Chapter 7 Measuring and Controlling Assets Employed.

Jump to Page. Search inside document. Characteristics of Budget Estimate the profit potential of the business unit. Continued The process of preparing a budget should be distinguished from: a. Strategic planning b. Use of a Budget 1. Continued Senior Management Involvement To motivate budgetee. Probability Estimates Point estimates Probability distribution.

Documents Similar To 09 - Budget Preparation. Jason Kurniawan. Pria Jakarta. Saumya Gautam. Steffi FeValen's Aprilda. Divyang Patel. Pia Angela Elemos. Jatin Gadhiya. Amr Shabana. Shiela Bolonias Regular. Kentia Pexi. Chapter 10 Analyzing Financial Performance Reports. Keren Millet. More From Jason Kurniawan. Popular in Business. Wihl Mathew Zalatar. Showing pages 1 to 4 of 12 pages. The systematic plan of spending the money is known as the budget Ando The creation of the spending plan helps the organization to determine beforehand, whether there is excess money to spend after meeting the various operational costs.

In a simpler term, budgeting is the balance between expenses and income of the organization. The chosen company whose budgeting has been made is Rochester Plc, which is engaged in manufacturing selling electronic goods since The budget is prepared every year Cassidy However, some managers feel that the budget is inefficient to motivate them for work. Therefore, a manager accountant has been appointed to efficiently utilize the available resources and make a fresh budget.

Discussion Budget and purpose for preparing Budget A budget refers to the estimation of the expenses and revenue of a particular organization over a specified future time period. The budget is compiled and re evaluated periodically for efficiency of the organization and optimum utilization of resources. Budget can be made for an individual, a group of people, family, a business, government, a country, or an international firm.

Basically, budget is prepared for anything that deals with making and spending money. It decides the future course of action Cooper, Ezzamel and Qu