Financial Planning, Budgeting, and Forecasting: Financial Intelligence Collection (7 Books)

CHAPTER NINE

Budgeting

Forecasting Your Company’s Financial Future

Key Topics Covered in This Chapter

•Essential functions of budgeting

•Types of budgets and their purposes

•Creating an operating budget

•Creating a cash budget

•Applying sensitivity analysis to budgets

•Developing an HR department budget

“GOOD GRIEF, it’s budgeting time again” is a common ref rain among HR and other managers. Budgeting can cause stress and conflict and can eat up lots of hours. But good budgets are worth the time and trouble. They serve as action plans that help you guide your department toward its strategic goals in ways that support your company’s overall objectives. And for large and small businesses alike, a good budget can mean the difference between financial ...