Accounting for Managers in Capital Budgeting

Accounting for Managers in Capital BudgetingAccounting isn’t as important in the government organisations as it is inprivate enterprises, since the government does not have to worry about

earning a profit. Do you agree.

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Abstract

A financial budget provides an approximate forecast with respect to the financial results

that a company looks to obtain in the future. The budget can be made on a monthly, quarterly

or an annual basis. A budget, which has been calculated, is thoroughly checked at the end of a

particular period in order to understand the various issues associated with the financial

results.

The actual results that are obtained during the operations of the company during that time

period, then compares to the budget, which was forecasted, and the actions are taken

accordingly with respect to the actual results obtained. As a result, the company understands

the various issues within the different departments and acts accordingly.