Introduction to Objectives of Budgeting
An efficient budgeting system plays an important role in the success of a business organization. The budgeting system has the following objectives that are of dominant significance in the overall effectiveness and efficiency of the business organization. These objectives are discussed as follow:
Planning is essential for doing any work in a systematic manner. A well- prepared plan assists the organization to make use of the scarce resources in an efficient way and so achieving the predetermined targets becomes easy. A budget is all the time prepared for future period and it lays down targets considering several aspects such as purchase, manpower, planning production, sales etc. This automatically makes easy planning.
For accomplishing the set objectives, apart from planning, coordinated efforts are needed. Budgeting makes easy coordination in the sense that budgets cannot be prepared in isolation. For instance, when developing the production budget, the production manager will contain consult the sales manager for sales predict and purchase manager for the accessibility of the raw material. Production budget cannot be prepared in isolation. Likewise the purchase and sales budget and other functional budgets such as cash, capital expenditure, manpower planning etc cannot be prepared without referring other functions. Therefore the coordination is automatically facilitated.
Planning is looking forward when controlling is looking back. Preparation of budgets includes detailed planning about several activities such as sales, production, purchase, and other functions such as marketing, sales promotion, manpower planning. But planning alone is not enough. There should be a proper system of controlling that will make sure that the work is continuing according to the plan. Budgets give the basis for such type of controlling in the sense that the actual performance can be evaluated with the budgeted performance. Any deviation among the two can be found out and analyzed to determine the reasons behind the deviation so that essential corrective action can be taken to rectify similar. So budgeting helps hugely in controlling function.
Latest technology based Cost Accounting Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Objectives of Budgeting homework help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Objectives of Budgeting, project ideas and tutorials. We provide email based Objectives of Budgeting homework help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Objectives of Budgeting. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Cost Accounting homework help and assignment help services. They use their experience, as they have solved thousands of the cost accounting assignments, which may help you to solve your complex issues of Objectives of Budgeting. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com puberty assignment help-homework help by online functioning of male reproductive system tutors
Classifications of Amino Acids tutorial all along with the key concepts of Criteria for Classification of Amino Acids, Classification Based on Structure, Categorization Based on Polarity, Categorization Based on Nutritional Requirements
Alkene Synthesis from Alcohol tutorial all along with the key concepts of Preparation of Cyclohexene from Cyclohexanol, Dehydration, Laboratory display of Distillation
Theory and lecture notes of Concept of Generating Random Numbers along with the key concepts of generating random numbers, homework help, assignment help, introduction to statistics tutors. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Concept of Generating Random Numbers.
Modern Techniques in Immunology and Immunochemistry tutorial all along with the key concepts of Recent Techniques in Immunology and Recent Techniques in Immunochemistry
tutorsglobe.com cut off rate assignment help-homework help by online capital budgeting and project planning tutors
Theory and lecture notes of Determinant of a Square Matrix all along with the key concepts of Elementary Row Operations, Triangular Matrices, Larger Order Determinants, Inverse of a Matrix, Cofactors, Matrix of Minors, Minors. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Determinant of a Square Matrix.
tutorsglobe.com physiological role and deficiency symptoms assignment help-homework help by online mineral nutrition tutors
picture is not in centre; sound ok, pincushion effect, barrel shaped picture, neck shadow, tilted picture, picture bend in corners, a bright spot in the centre of the screen, total sync. loss, no raster (or) no light on the screen; sound ok, insufficient brightness (or) dark picture.
tutorsglobe.com action of restriction enzyme assignment help-homework help by online recombinant dna technology tutors
Theory and lecture notes of Transaction scheduling all along with the key concepts of transaction scheduling, transaction management, Primed transactions. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Transaction scheduling.
Biological Clocks tutorial all along with the key concepts of Types of Biological Clocks, Circadian Clocks, Overview of the Circadian Timing System, Criteria for Circadian Timing System, Circadian Rhythm Sleep Disorders, Kinds of Circadian Rhythm Sleep Disorders
www.tutorsglobe.com offers free fiscal policy tutorial and role of government, answering questions to economics, assignment help and homework help.
www.tutorsglobe.com offers creation of data flow diagram homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
Theoretical Perspectives of motivation tutorial all along with the key concepts of Instinct Theory, Sociobiological Perspective, Drive Theories, Incentive Theory, Maslow's Need Hierarchy, Maslow's Levels, Emotions and Theories of Emotion
1948173
Questions Asked
3689
Tutors
1472673
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!