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Posts Tagged ‘Plan a budget’

It’s no mystery that, to plan actions, it is best to keep in mind, besides the action itself, an estimated investment we have to do, or will cost. The budget is an indicator of future policy regarding the collection of revenues, costs, expenses and expenditures, as well as a planning tool that defines the costs, and to achieve certain objectives within a specified period of time, say specialists.

Alfredo Pérez Alfaro, Professor, Doctor in Economics and Management Tool teacher says that “the budget plan is a key element in the comprehensive strategic planning process. Through it can be estimated at certain times the availability of resources and their application to various initiatives, decisions, programs, projects, stemming from the company’s strategic plan. “

How?

To finalize the budget should be, in principle, clearly in the details of the transaction, Alfaro Pérez explains, is how the budget becomes realistic. This requires an accounting information system, which emerge from the transaction data to be compared against budgeted projections, marking the detours and try to understand its causes. “We must develop a mentality of driving-oriented budget,” said the specialist. Read the rest of this entry »