Accounting for Managers in Capital BudgetingAccounting isn’t as important in the government organisations as it is inprivate enterprises, since the government does not have to worry about
earning a profit. Do you agree.
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Abstract
A financial budget provides an approximate forecast with respect to the financial results
that a company looks to obtain in the future. The budget can be made on a monthly, quarterly
or an annual basis. A budget, which has been calculated, is thoroughly checked at the end of a
particular period in order to understand the various issues associated with the financial
results.
The actual results that are obtained during the operations of the company during that time
period, then compares to the budget, which was forecasted, and the actions are taken
accordingly with respect to the actual results obtained. As a result, the company understands
the various issues within the different departments and acts accordingly.
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