What two factors are necessary for successful budget implementation?

• Time horizon
• Goals
• Data
• History
• Forecasts
• contengencies

financial goals,support system, evaluation/available resources and annual budget

1. Forecast and good management

2-Avoid bankruptcy

1. Clear Communication and
2. support of top management

a. Determining the key factors affecting the budget during the span of time.

b. Establishing the realistic strategic goals to be achieved within the specified time.

c. Effective control to have minimum variations with actual. 

d. On the top effective techniques should apply to control the budget with the help of top management.

accurate forecast

companys resources

history