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What are the steps in planning and managing budgets?

Planning Budget Process Developing Budgets
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Question added by eric sanders
Date Posted: 2016/02/21
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waqar ali
by waqar ali , Group Inventory Controller cum Merchandiser , Al Fahim Avenue Group

there 10 steps in managing budgets.

 

1)   Strategic Planning

2)  Business Goals

3)  Revenue Projectioins

4) Fixed Cost Projections

5)  Variable Cost Projections

6) Annual Expenses Goals

7) Annual Profit Margin

8)  Board Approval

9)  Budget Review

10) Deadline with Budget Variance

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