Mirea Marioara Ovidius University Constanta, Economic Sciences College, Constanta, Bd.Tomis, no.338,bl.C1,ap.16 , Email: mm_mirea@yahoo.com Aivaz Kamer Asalos Nicoleta It can be state that reign overment control is needed to try to ensure that the plaque achieves its objectives. Once the objectives have been agreed, plans should be drawn up so that the progress of the firm can be directed towards the ends stipulate in the objectives. Now it must not be thinking that plans can be denotative only in be terms, for example quality of the product might be beaver shown in engineering terms, or social objectives shown in a plan bear on with employee welf atomic number 18. But some of the objectives, such as the attainment of a desired profit, or of the attainment of a desired growth in assets, can be expressed in accounting terms. When a plan is expressed quantitatively it is know as a budget and the process of converting plans into budgets is known as budgeting. In this study we are concerned in the first place with budgets shown in monetary terms, i.e. financial budgets. The budgeting process may be quite formal in a large government activity with committees set up to perform the task.
On the other passel in a very small firm the possessor may jot down his budget on a piece of scrap paper or even on the back of a used envelope. Some even manage without writing anything down at all they have through the budgets in their heads and can easily remember them. This study is concerned with budgeting in a formal manner. Key Words: Budgets, the processes of budgeting, the strategical planning, budgetary control.
Introduction
Probably in no other disassemble of accounting is there a greater need for brain other people than in the processes of budgeting. Budgets are prepared in order to try to guide the firm towards its objectives. There is no doubt that some budgets that are drawn up are even more harmful to a firm than if none were drawn up at all. Budgets are drawn up...If you call for to get a full essay, order it on our website: Ordercustompaper.com
If you want to get a full essay, wisit our page: write my paper
No comments:
Post a Comment