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Budgeting help management make good business decisions

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How does budgeting help management make good business decisions?

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Response helps in describing about budgeting help management make good business decisions

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Budget is a comprehensive financial plan of allocation of financial resources. Budgeting helps in both planning and controlling the activities of the organization. It is a useful communication tool. Advantages of Budget :
1) It helps in coordination between different departments
2) It acts as training to the managers
3) It compels managers to think ahead
4) It helps in planning and controlling
5) It helps in achieving the objectives

Budgeting plays an important role in making business decisions. It helps in ...

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