Can you state any four reasons for preparing budgets in an organization?

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Question ajoutée par Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date de publication: 2016/08/06

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par Tomasz L , Reporting Specialist , Outworking

1. Anticipating the problems faced by company in the next periods

2. Coordination of the activities (e.g. production and sales)

3. Communicating the company goals and motivating managers

4. Measuring performance in the following periods and explaining the deviations

How can we prepare budgeting for the company?
Top Answer: The operating budget is one of the two parts of the master budget. The purpose of the operating ... Voir Plus

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Challenges in preparing Budgets?
Top Answer: Hi Freinds The Bigest Challange in making a budget is th ... Voir Plus

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What are the steps in preparing budgets?
Top Answer: We make budget for the whole company with production,material consumotion,expenses and forecast the budge ... Voir Plus

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Explain the challenges faced when preparing budget?
Top Answer: Budgeting is a technical process, a person who is making a budget must be experience and well visionary p ... Voir Plus

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