Management Accounting

Running head: MANAGEMENT ACCOUNTING
Management Accounting
Name of the Student:
Name of the University:
Author’s Note:

1MANAGEMENT ACCOUNTING
Executive Summary:
This report is aimed at analyzing the concept of budget and its purposes. Budget is the process of
forecasting the future incomes and expenses and making plans accordingly to achieve the
organizational goals. It also helps in detecting the deviation of actual performance of the
business from the expected performance, and it helps in taking certain corrective initiatives. In
this report, some of such concepts and conventions of budgets and budgetary analysis has been
discussed and the technical aspects of the budget have been illustrated.

2MANAGEMENT ACCOUNTING
Table of Contents
Introduction:....................................................................................................................................3
Technical Aspect of the budget:......................................................................................................3
Non-technical Aspect of the budget:...............................................................................................3
Conclusion:......................................................................................................................................6
References and bibliography:..........................................................................................................7
Appendix:........................................................................................................................................8