Secondary Catalogue

Finance and Budgets

Workplace Essentials

You must have plans to run a successful business. There are long term strategic marketing ones, short term sales and production ones, and so on. The critical financial plan is the budget. Even though it is based on forecasts and on sophisticated assumptions and guesses, it is a commitment. When you make a budget, you commit yourself to a plan or standard of performance upon which lots of other commitments depend. Chapter 1: Constructing a Budget. When constructing a budget make sure you set standards, forecase sales and count costs, and be realistic. Chapter 2: Coordinating a Budget. When coordinating a budget you should consult and coordinate with all departments and establish limiting factors. Chapter 3: Controlling a Budget. To control a budget you must review, react and revise.

Rating: E
Production Year: 2015
Duration: 5 min
Series: Workplace Essentials
Printable Resources: Yes

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