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Business Finance Purpose

   

Added on  2020-10-23

10 Pages2953 Words258 Views
BUSINESS FINANCE

EXECUTIVE SUMMARYAs per the above report it is summarises that finance is back bone of any organisation andfor preparing a budget there is need to finance. If organisation small and long or manufacturingor trading every organisation can prepare budget to analysis the performance in specific timeperiod. Most of the companies applied traditional method and their approach in effective way.

Table of ContentsEXECUTIVE SUMMARY.............................................................................................................2INTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................11. The purpose of preparing of budget.........................................................................................12. Application of traditional budgeting approaches to plan future cost management.................23. Traditional budgetary system...................................................................................................3PART 2............................................................................................................................................41. Alternative budget methods.....................................................................................................42. Potential application of traditional methods............................................................................53. Analysing whether one of methods would be more appropriate to the company....................6CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7

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