To be successful, all businesses must perform periodic assessments to determine the efficiency of operations. Whether you are an owner, a manager, or a front- line employee, at some time you will be affected by a budget. Preparing a budget and analyzing the results of operations in relation to the budget will help you understand how to use financial information to evaluate the effectiveness of an organization’s operations.

Answer rating: 100% (QA)

STEPS TO CREATING A SUCCESSFUL BUDGET Determine your net income Calculate your takehome pay after taxes remember to subtract all deductions including 401 k plans flexible spending account contribution... View the full answer