WK6 DQ2.docx - Budgeting is the process of creating a plan to spend your money This spending plan is called a budget Creating this spending plan allows

WK6 DQ2.docx - Budgeting is the process of creating a plan...

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Budgeting is the process of creating a plan to spend your money . This spending plan is called a budget . Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. The sales budget contains an itemization of a company's sales expectations for the budget period, in both units and dollars. If a company has a large number of products, it usually aggregates its expected sales into a smaller number of product categories or geographic regions; otherwise, it becomes too difficult to generate sales estimates for this budget[ CITATION Bra179 \l 1033 ]. The sales budget is usually presented in either a monthly or quarterly format; presenting only annual sales information is too aggregated, and so provides little actionable information. It is
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  • Spring '18
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