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How is budgeting important?

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Question added by Yashoda Mehta , General Accountant , Playmobil Canada Inc
Date Posted: 2015/07/14
Ahmed Abd Alwahab Awad Ibrahim
by Ahmed Abd Alwahab Awad Ibrahim , Chief Accounting , ICCDP

How is budgeting important?

 

 1- It is a plan to use funds efficiently

2- It is a plan to achieve company objectives

3- It helps in decision making.

4- It used as a reference for evaluation performance

5- It provides accurate information

Ahmed Nawaz
by Ahmed Nawaz , Chief Executive Officer , Nations Capacity Building Programme NCBP

A budget is an itemized summary of likely income and expenses for a given period.

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