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Showing posts with label Budgeting for Future Success. Show all posts
Showing posts with label Budgeting for Future Success. Show all posts
Friday 14 April 2017

Budgeting in different types of organization

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In very large organizations, hundreds of managers may be involved in the budgeting process, and the complete budget will probably be a ve...

After the budget has been approved ... what comes next?

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After the budget has been approved, what comes next?  Quite possibly nothing at all. This is a pity but it does not mean that the budgeti...

Cash Flow Forecast and the Balance Sheet Forecast

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Cash-Flow Forecast When the profit budgets are complete, it is important that a cash budget is prepared. This is a Cash-Flow Forecast. ...
Thursday 13 April 2017

The Capital Expenditure Budget

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This is extremely significant in some companies, less so in others. It will list all the planned capital expenditure showing the date w...

Revenue Expenditure Budgets

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Revenue expenditure includes cost of sales (direct cost or variable cost) and overhead cost (indirect cost). The cost of sales will ...

The Sales Budget

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This should be in sufficient detail for management to know the sources of revenue. The figures will be broken down into different produc...

The Profit Budget

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There are usually several budgets and they all impact on each other. The profit budget is arguably the most important. There are two ...
Monday 10 April 2017

Prevention is better than cure

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It is good to be able to get out of financial difficulties but it is better not to have financial difficulties in the first place. The i...
Tuesday 12 January 2016

A budget is crucial to managing the business.

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"If you fail to plan, plan to fail."  Benjamin Franklin A company that fails to prepare budgets and then to use those budgets t...
Thursday 4 October 2012

Is Your Financial Situation Sustainable And Renewable?

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Two words that have attracted a lot of attention are "sustainable" and "renewable." These words are generally used ...
Sunday 9 September 2012

The Best Ways to Prevent Money Arguments With Your Spouse

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By Daniel Bortz Fri, Sep 7, 2012 Are you fighting with your spouse over money? If so, you could be doing more damage than you realize....
Friday 3 February 2012

10 Frugal Living Tips To Happiness On A Tight Budget

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10 Frugal Living Tips To Happiness On A Tight Budget By Matthew CenzonΙ Published September 28, 2011 Whether you're dealing with a mo...
Monday 10 October 2011

Budget 2012: Highlights

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Budget 2012: Highlights Written by Joseph Chin of theedgemalaysia.com Friday, 07 October 2011 18:56 Highlights of Budget 2012 propo...
Monday 18 January 2010

Gathering Information to create the budget

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Once you have identified your objectives, you need to turn to the important process of gathering key information to enable you to create the...

Creating a cash budget

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Planning for a final (commonly called master) budget will be incomplete without a cash budget.  This will show how money will be mvoed to an...

Start-up Budget Objectives

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For start-ups, it may be useful to try to answer the following set of questions to help you make some reaonable assumptions about your busin...

Monitoring the budget

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After a budget has been written and approved, the task of monitoring the budget begins.  Inevitably, actual events will produce results that...

Defining budget objectives

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Budget are made primarily to help meet objectives.   As a result, the type of budget you devise will vary considerably depending on the ul...

TIMING OF A BUDGET

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TIMING OF A BUDGET 1. There are no fixed time periods a budget should cover. The longest range budgets can cover a period of between three...
Sunday 17 January 2010

Why budget?

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The key to successful financing of daily operations is to budget. These are some of the key benefits of a well-planned budget: ANTICIPA...