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The Definitive Guide to Business Finance: What smart managers do with the numbers, Second Edition
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The Definitive Guide to Business Finance: What smart managers do with the numbers, Second Edition

by Richard Stutely
July 2008
Beginner
432 pages
11h 40m
English
Pearson
Content preview from The Definitive Guide to Business Finance: What smart managers do with the numbers, Second Edition

The budget bane

Budgets can be the bane of any manager’s life. It always seems to be time to prepare next year’s budget, report on progress or attend a meeting on some aspect of budgeting. Yet if you put a structure in place and get on top of the budget process, it can be quite simple and – dare I suggest – a useful exercise for all concerned. I suppose mentioning that it might become a pleasure would be going too far.

This chapter is written from the assumption that you are preparing a budget as part of a larger, probably enterprise-wide budgeting exercise. If it happens that you are in charge of the overall budget process, just read the following from that perspective.

Budgets, right or wrong

Budgets are simply short-term financial plans. ...

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ISBN: 9780131370425Purchase book