Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins

Exercise 2

Describe at least three benefits that an organization can expect to realize from budgeting.

Step 1 of 2

The budgeting is the process of preparing one or more than one budget. A budget is a financial strategy for a specific forthcoming period of time. A budget is prepared and swotted on an intervallic basis. The attainment of the company’s strategic vision depends on the performance assessment.