{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Budgets - possibilities • Used by both external and...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Budgets Tool, not a financial statement Based on prior activities The smaller the interval prepared for, the more control Should be compared with actual results and variances should be researched Budgets should be revised when significant changes occur Several budgets can be presented for the same time frame to reflect a range of
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: possibilities • Used by both external and internal users • Some companies have separate budgets for individual departments that are summarized into a master budget for the whole company • Be wary of spending amounts simply because money was budgeted • Cash items only!!!! Ie. No: Depreciation, accruals, etc....
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online