Case study budgeting process

A budget is a tool for planning, implementing, and controlling activities for optimum utilization of scarce resources in a business. Also, it mentions the controls to be put in place for achieving its successful implementation. The budgeting process is the process of putting a budget in place. This process involves planning and forecasting, implementing, monitoring and controlling, and finally evaluating the performance of the budget.

Case Studies of Successful Enterprise Resource Planning

Case Studies of Successful Enterprise Resource Planning

Line item budgeting is an accounting tool employed mostly by public entities. They group budgeted financial statements according to the administrative entities and objectives. The budget item groups are usually presented in an increasing version while comparing it to the performances in the previous periods Meyer, Line item budgeting may also be employed in private sectors so as to compare, and budget for the selected object groups.

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