The importance of budgets & variances
The importance of budgets and variances in decision-making (AO2) "A budget is telling your money where to go instead of wondering where it went."- John C. Maxwell (b.1947), American author on the New York Times Best Seller list Recall that a budget is a detailed financial plan for the future, usually involving the expected costs and revenues or a cash flow forecast, for a pre-determined period of time. A budget is...