A budget is a quantitative expression of a financial plan for a defined period of
time. ... A budget is the sum of money allocated for a particular purpose and the ...
The purposes of budgeting are for resource allocation, planning, coordination,
control and motivation. It is also an important tool for decision making, monitoring
Illustration of the purpose of budgeting as a means of forecasting business
performance Budgeting is a critically important part of the business planning
Definition of budget: An estimate of costs, revenues, and resources over a
specified period, reflecting a reading of future financial conditions and goals. One
Simply put, a budget is an itemized summary of likely income and expenses for a
given period. It helps you determine whether you can grab that bite to eat or ...
Purpose of a budget. ... Why is it important? The purpose of the budget is to: 1. To
meet the legal requirement. 2. ... What is a City Budget? Purpose of a Budget ...
Dec 13, 2010 ... A budget is especially useful for giving a company guidance regarding the
direction in which it is supposed ... What is participative budgeting?
The goals for a small-business budget meeting will largely depend on what you
hope to achieve. Some budget meeting are exploratory, some are used to set ...
Aug 11, 2016 ... The first and probably the most-used purpose of a budget is to help you gather
information for a business plan, including all the items and ...
Define budget: an amount of money available for spending that is based on a ...
purpose <a weekly budget for a family of five> <a budget of less than $3000> ...