Financial Management and Decision Making: Importance of Breakeven Analysis and Steps in Budget Preparation

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Added on 2023/06/09

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This article discusses the importance of breakeven analysis in a modern industry environment and the important steps in preparation of a financial budget in a large organisation. It covers the significance of break-even analysis, management of number of units to be sold, help in preparation of budgets and forecast, and control over margin of safety. The article also explains the important steps in the preparation of financial budget, such as analysing organisational objectives, estimation of future income and budgets, identification of expenditures, and identifying budget surplus or deficits.

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Financial Management and Decision Making: Importance of Breakeven Analysis and Steps in Budget Preparation

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