business report outline
What purpose do budgets serve?
Yep, assignment due, any further input or alterations would be very much appreciated so long as it is in lamens terms so I do actually understand it myself!
Thanks in advance 
)
my understanding is as follows,
“Depending on the nature of the organisation, budgets are use to project ahead to manage planning for future trade. Budgets are also used to assess results to determine if the business is running at a profit or at a loss.
Budgets must be relevant to the businesses operations & the time frame indicated. They are to be used as a tool in determining variance reports & must be aligned with the organisations overall goals outlined in its business plan.”
What you said is fine. I would like to add, to determine exactly where your money is going. Are you spending too much on advertisements, are your labor costs in line. Most people think budgets are for projections only. You can’t follow trend analysis from projections only from history.
Vaya con DIOS
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