Post by account_disabled on Mar 10, 2024 6:54:40 GMT
In order to properly fulfill its mission the institution is assigned managerial and organizational functions which will enable it to centralize action and direct work as well as planning and control thereby being able to measure results and react to deviations plan It is worth emphasizing the difficulties involved in formulating an action plan in which all departments of the company have to intervene with very different tasks and languages. It is therefore important to prepare an economic budget.
Economic budgeting is understood as the expression in monetary terms of the plan of activities of a company designed to achieve its objectives. The financial language as the only language used in the economic plan BTC Users Number Data allows to unify the entire action plan and to analyze whether the project has economic consistency or if you prefer it is profitable and efficient from a financial point of view. We can say that the planning and control functions of management are two sides of the same coin because the preparation of a financial plan as its monetary expression has no meaning without the subsequent control function to compare it with reality.
Analyze deviations and take necessary corrective actions to achieve program goals. Likewise, without a plan as a reference, the goal control function will be empty and meaningless. Economic Planning Obviously when we talk about economic planning we are projecting ourselves into the future imagining where we want our company to be in the future. In order for this prediction to be valid you must follow some rules The estimate must be reasonable. They must follow cost-effectiveness criteria. They must be reviewable and easily adaptable to change. They must be developed on a true basis.
Economic budgeting is understood as the expression in monetary terms of the plan of activities of a company designed to achieve its objectives. The financial language as the only language used in the economic plan BTC Users Number Data allows to unify the entire action plan and to analyze whether the project has economic consistency or if you prefer it is profitable and efficient from a financial point of view. We can say that the planning and control functions of management are two sides of the same coin because the preparation of a financial plan as its monetary expression has no meaning without the subsequent control function to compare it with reality.
Analyze deviations and take necessary corrective actions to achieve program goals. Likewise, without a plan as a reference, the goal control function will be empty and meaningless. Economic Planning Obviously when we talk about economic planning we are projecting ourselves into the future imagining where we want our company to be in the future. In order for this prediction to be valid you must follow some rules The estimate must be reasonable. They must follow cost-effectiveness criteria. They must be reviewable and easily adaptable to change. They must be developed on a true basis.