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Airam Aburto Professor Woodle ACC-121-81OL 30 April 2017 Budgets are a very important tool in every day life. Not only do individuals use it for per- sonal budgeting, but it also used for business, agencies, banks, anything that involves money. The three main goals of budgeting as stated by Financial and Managerial Accounting , are: estab- lishing specific goals, executing plans to achieve the goals, and periodically comparing actual re- sults with the goals. In order to achieve this, one must plans and set a main goal and stick to it. Directing involves establishing someone who makes sure those goals are made. For example, in a big company, there are managers that are to make sure those goals are met. In a daily personal life, one must have self control, and if one doesn’t, the money that is to kept from touching can be given to someone else that one trusts. Controlling is the last step; this is the step where one
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