Budgeting as a Control

Budgeting as a Control

    • A budget serves as a control tool to provide standards for evaluating performance.
    • A budget can cover any of the following:
    • Profit planning – forecast of revenues and expenses
    • Cash budgeting – forecast of cash needs and sources
    • Balance sheet forecasting – anticipating future assets, liability and net worth position of the business

Last modified: Friday, 15 June 2012, 10:16 AM