The Purpose of Budgets
- A budget is a financial plan that a business (or department in the business) sets about costs and revenue
- The budget is usually closely aligned with the business objectives
- The budget is usually closely aligned with the business objectives
The Reasons for Using Budgets
Reason |
Explanation |
Planning & monitoring |
|
Control |
|
Coordination & Communication |
|
Motivation & Efficiency |
|