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

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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
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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....
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This note was uploaded on 02/15/2012 for the course GERM 200 taught by Professor Kuhmar during the Spring '10 term at SUNY Albany.

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