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Answer the following question in your own words. Your answer must have a 150 minimum word...

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Finance

Answer the following question in your own words. Your answermust have a 150 minimum word count:

  • Define budgeting and describe its primary purposes and benefitsto an organization.

Answer & Explanation Solved by verified expert
4.0 Ratings (438 Votes)
Budgeting Budgeting is the process of preparing detailed projections of future amounts Companies often engage in three types of budgeting 1 Operating Budgeting Budgets are formatted as income statements and chiefly contain sales forecasts 2 Capital Budgeting It is the process of budgeting or estimating the costs to obtain expand and replace fixed assets 3 Cash Flow Budgeting show expected cash inflows receipts or sources and cash outflows expenses or uses Primary Purpose of Budgeting The purpose of budgeting is basically to provide a    See Answer
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Answer the following question in your own words. Your answermust have a 150 minimum word count:Define budgeting and describe its primary purposes and benefitsto an organization.

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