Forecasting and Budgeting Analytical Essay by ResearchRiter
Forecasting and Budgeting
This paper discusses forecasting and budgeting, focusing on the Strident Marks company.
# 123774 | 750 words | 18 sources | APA | 2008 |
Published on Dec 01, 2008 in Business (Accounting) , Business (Companies) , Business (Administration) , Business (Business Plans)
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This paper describes the processes of forecasting and budgeting and provides advantages and disadvantages of the payback and ARR methods of capital budgeting for the Strident Marks company.
From the Paper:"Strident Marks is looking not only at new business opportunities but also at possible expansion. As such the company needs to move forward in a financially disciplined manner that leverages the power of forecasting and budgeting. Forecasting is a high-level projection of what income and expenditures will be in the future calculated on the basis of transactions that we know will occur as well as estimates of transactions that we anticipate. Budgeting on the other hand is a detailed plan of expenses revenues transfers ..."
Cite this Analytical Essay:
Forecasting and Budgeting (2008, December 01) Retrieved June 06, 2023, from https://www.academon.com/analytical-essay/forecasting-and-budgeting-123774/
"Forecasting and Budgeting" 01 December 2008. Web. 06 June. 2023. <https://www.academon.com/analytical-essay/forecasting-and-budgeting-123774/>