Briefly describe the following use, contents of and formats for: Budgets. financial reports. statistical reports. 

Question 5 Identify and briefly describe the budget terminology. 

Question 6 Explain the use of budgets to control costs and enhance profitability.

Question 7 Briefly describe the importance of budget control.

Question 8 Identify and briefly describe at least two techniques for maximising budget performance.

Answer rating: 100% (QA)

Budgets Budgets are financial plans that outline the expected revenues expenses and resources needed for a specific period typically one year They serve as a roadmap for an organizations financial act... View the full answer