CHAPTER ONE
INTRODUCTION
“For which of you desiring to build a tower does not first sit and account the cost whether he has enough to complete it” (Lk. 14:28). Every rational economic unit has some objectives to attain. Individuals, corporate bodies or governments have objectives to achieve. To achieve their respective objectives, resources have to be made available. Unfortunately nature did not distribute her resources abundantly, whilst objectives and needs are numerous and varied as there are various economic units. But the means (that is resources) to satisfy those needs are very scarce. Thus one has to utilize his available resources effectively in order to realise what one want. To maximize the objective of an economic unit requires that one has to plan. Planning, therefore is the process of determining the future course of action in order to attain a desired objective or a set goal. A business enterprise may have as its objective the erection of an addition factory in say, seven years time.
It therefore draws up a plan to accomplish the task it has set for itself. Because finance is scarce, thus each year the enterprise has to plan towards the building of the factory. This yearly explain is known as budgeting – a subset of corporate plan. To a lay man, budget is just an estimate of how to spend money. To the government budget is an estimate of a plan of how resources are going to be supplied and utilized stated a quantitative and monetary terms within a specified period. To accountant therefore budget is a quantitative statement in financial terms, prepared for a specific period, it may be one year for the realization of enterprise set goals. It is thus a very important decision-making instrument. A budget is defined as a financial or quantitative statement, prepared and approved prior to a defined period of time, of the policy to be pursued for the purpose of attaining a given objective. (A budget is the conversion usually by segments and on short range basis of plan into figures, an accounting as it were for the future). A comprehensive budget is made up of functional or sub- budgets. Some of them are, sales budget, production budget, material purchase budget, factory cost budget, selling and administrative budgets, capital expenditure budget etc. All these functional budget are summarized and compressed in one budget called the MATER BUDGET. This is defined as a total debuget in which are packaged in one statement the sale; expenses on production, capital movement on land, equipment and cash budgets of an organization.
MarcosHar says
tadalafil dosage: http://tadalafilonline20.com/ tadalafil online 20
JasonAllop says
pills without a doctor prescription medications without a doctor’s prescription
JasonAllop says
overseas pharmacies shipping to usa: https://genericwdp.com/ drugs without doctor script
Jasontuppy says
cost of viagra п»їviagra pills
viagra 100mg price
Jasontuppy says
generic viagra walmart viagra from india
when will viagra be generic
Jasontuppy says
buy viagra online canada when will viagra be generic
where to buy viagra
Jasontuppy says
viagra price buy viagra online usa
viagra over the counter walmart
Jasontuppy says
buy viagra online canada cost of viagra
price of viagra
Michaelsax says
http://valtrex10.com/ – valtrex script online
cheap erectile dysfunction pills online
Michaelsax says
http://paxil100.com/ – paxil generic
buy prescription drugs from india
Michaelsax says
http://diflucanfavdr.com/ – diflucan 150 tablet
how to fix ed
Michaelsax says
http://valtrex10.com/ – buy generic valtrex without prescription
erectile dysfunction cure
Kevinjaima says
order viagra online https://viagrapills100.com/ best place to buy generic viagra online
Kevinjaima says
price of viagra https://viagrapills100.com/ best place to buy generic viagra online
TerrynuB says
cheap ed pills usa cheap ed pills from india
buy ed pills from canada
TerrynuB says
order ed pills ed pills without a doctor prescription
cheap ed pills in mexico
PeterGussy says
https://prednisonest.com/# online order prednisone 10mg
PeterGussy says
http://prednisonest.com/# buying prednisone
PeterGussy says
https://zithromaxst.com/# order zithromax over the counter
PeterGussy says
http://gabapentinst.com/# neurontin oral
PeterGussy says
http://zithromaxst.com/# zithromax without prescription
PeterGussy says
http://gabapentinst.com/# medicine neurontin 300 mg
PeterGussy says
http://prednisonest.com/# 50 mg prednisone from canada
RafaelCof says
http://zithromaxproff.com/# zithromax 250 mg tablet price
buy cheap zithromax online
RafaelCof says
http://zithromaxproff.com/# zithromax price south africa
where can you buy zithromax
Billywains says
order cefadroxil online: generic tetracycline
suprax price
Michaelcib says
usa pharmacy india: online indian pharmacies all generic meds from india
Michaelcib says
online medications from india: buy medication online from india buy prescriptions from india pharmacy
Michaelcib says
online medications from india: india pharmacy without dr prescriptions buy medication online from india
RobertArten says
viagra pills: https://edpillsonline24.com/# kamagra pills
RobertArten says
viagra pills: https://edpillsonline24.com/# ed pills
Jake Medwell says
377907 74513You are the very best, It is posts like this that keep me coming back and checking this web site regularly, thanks for the information! 839169
RobertArten says
order erectile dysfunction pills online: https://edpillsonline24.com/# generic viagra pills
MichaelRUSSY says
viagra for men online: no prescription viagra buying viagra online without prescription
MichaelRUSSY says
walmart viagra: no prescription viagra buy viagra online without prescription
ClaudZew says
where can i buy amoxicillin over the counter: generic amoxicillin cost – amoxicillin 500