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Tag - financial budgeting homework help

Finance Budgeting

Finance Budgeting A budget represents a company’s annual financial plan. A comprehensive budget is a formal statement of management’s expectation for sales, expenses, volume and other financial transactions for the coming period. It consists basically of a pro forma income statement, pro forma balance sheet and cash budget. A budget is a tool for both planning and control. At the beginning of the period, the budget is a plan or standard. At the end of the period it serves as a [...]