budgeting

Essay specific features

 

Issue:

Business

 

Written by:

James C

 

Date added:

August 27, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1908

 

Was viewed:

5807 times

 

Rating of current essay:

 
Essay content:

The way for emphasizing budget management is purely political and traditional. Therefore, it is hard to escape the fact that a government's annual budget is a great political event. This is one of the important ways in which the public sector's job differs from a private sector business manager. On the other hand, the budgeting process can serve five primary purposes: o It forces management to plan ahead and anticipate the future on a systematic basis o It provides management with realistic performance targets o It serves as a communication device with which the various managers can exchange information concerning goals, ideas and achievements o It coordinates the various segments of the organization and makes each manager aware of how the different activities fit together o It furnishes management with motivation in the form of the goals to be achieved...
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On the other hand, the budgeting process can serve five primary purposes: o It forces management to plan ahead and anticipate the future on a systematic basis o It provides management with realistic performance targets o It serves as a communication device with which the various managers can exchange information concerning goals, ideas and achievements o It coordinates the various segments of the organization and makes each manager aware of how the different activities fit together o It furnishes management with motivation in the form of the goals to be achieved...
displayed 300 characters

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