The importance of budgets & variances
The importance of budgets and variances in decision-making (AO2)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 produced in order to help a business to achieve its organizational objectives. Budgeting does not guarantee success, but it can certainly help to avoid business failure.
To access the entire contents of this site, you need to log in or subscribe to it.
Alternatively, you can request a one month free trial.