How does using a budget differ between a government and a for profit entity?© BrainMass Inc. brainmass.com July 21, 2018, 9:26 pm ad1c9bdddf
The budget is used with a different focus, as the profit focus is different in each type of entity. In a for-profit entity, the focus remains on generating a profit. In a government and/or non-profit entity (because not all non-profit entities are under the government realm), the focus is centered on having enough cash flow ...
This solution explains how and why budgeting is different for governmental and/or non-profit entities versus for-profit entities.