This preview shows page 1. Sign up to view the full content.
Unformatted text preview: entity’s overall operations and the impact on operations of external factors, such as economic trends. The advantages of budgeting is understood when budgets are cautiously arranged and appropriately administered by management. One benefit of nonstop budgeting is that it maintains management planning a full year ahead. A thriving business makes equally long-term and short-term plans. These plans set onward the objectives of the business and the projected way of accomplishing them. A budget is an aid to management; it is not a substitute for management....
View Full Document
This note was uploaded on 12/12/2011 for the course ACC 220 220 taught by Professor Aliciahubbard during the Winter '10 term at University of Phoenix.
- Winter '10