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From a management perspective why do you think budgets are so important AND give an example,...

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Accounting

From a management perspective why do you think budgets are soimportant AND give an example, that relates specifically to yourmajor, of how you will use budgets in your field. Do not forget APAformat on your sources and in-text citations.

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Budgeting identifies current available capital provides an estimate of expenditure and anticipates incoming revenue By referring to the budget businesses can measure performance against expenditure and ensure that resources are available for initiatives that support business growth and development It enables the business owner to concentrate on cash flow reducing costs improving profits and increasing returns on investmentBudget is the basis for all business success It    See Answer
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