Understanding the Purpose of Budgeting and Alternative Methods

Business Finance

EXECUTIVE SUMMARY
The Report is based on Boat World Plc which is an international lesiure company that
provides boat on rent to holiday makers. It operates in UK and France. Headquarter of the
company is located in Woking, England. The firm is planning to open a new outlet in
Netherlands and Germany. It has been found out that there are various alternative methods of
budgeting like zero based budgets, activity based budgeting etc. Further, firm should use activity
based budgeting method in future.

Table of Contents
EXECUTIVE SUMMARY.............................................................................................................2
PART 2............................................................................................................................................4
1) Understanding of the purpose of developing budget...............................................................4
2) Application of the methods......................................................................................................6
3) Analyse whether traditional or alternative budgetary system is appropriate...........................7
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8