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Budgeting and Forecasting

Budgeting and forecasting are business processes essential to a company’s operations. Budgeting involves planning for revenues and expenses. Forecasting is a method of predicting trends based on historical and current events.

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What is the essence of budget in the financial administration of a country?

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Asked by Wiki User

Budgeting is a crucial tool in the financial administration of a country as it helps allocate resources effectively, prioritize government spending, and monitor financial performance. It sets out the government's revenue and expenditure plan, guiding decision-making and ensuring that financial goals are met. A well-planned budget facilitates transparency, accountability, and responsible fiscal management.

What country has the highest national budget?

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Asked by Wiki User

The United States has the highest national budget in the world.

What makes computer excellent tool for data processing?

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Asked by Wiki User

The computer is easier to use for data processing because of the copy and paste feature and the ability to save the information. Using a computer is much more efficient and faster than writing things down by hand.

Budgeting is the one of the main tool to control the cost?

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Asked by Wiki User

When doing your personal monthly budget follow the 50/30/ 20 rule and pay yourself first!

This can make you richer if you follow the discipline.

Visit the micro learning videos on YT channel: @fintips.melnic

Budgeting is about?

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Asked by Wiki User

When doing your personal monthly budget follow the 50/30/ 20 rule and pay yourself first!

This can make you richer if you follow the discipline.

Visit the micro learning videos on YT channel: @fintips.melnic

Who draws up the budget?

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Asked by Wiki User

the legislative budget board and the officer of budget planning

How long do you need to study to become a accountant?

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Asked by Wiki User

You could get it done in 4 years, but if you want to become a Certified Public Accountant, you have to take a pretty hard test (like the bar exam for accountants) and there is a period of time where you have to learn on the job before you get licensed.

But, you could get a job right out of high school in an Accounts Receivable department, and technically that's accounting.

How did banking work before computers?

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Asked by Wiki User

There were no ATMs (they didn't come out 'til the early 1980s). When you went to your bank to cash a check, the teller had to pull a microfiche copy of your signature for verification.

How can you show interest calculation in tally 7.2?

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Asked by 999gaurav

go to 11 features and on the activate interest calculation

Steps of analyzing a work of fiction?

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Asked by Wiki User

Ask a questionLook in the work for evidence that answers that questionTry to find a pattern or idea in the evidenceSummarize the ideas suggested by the evidence

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Pose a question

Gather evidence to answer that question Look closely for a pattern in the evidenceSummarize the main idea in your evidence

Cost reduction and cost control techniques?

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Asked by Wiki User

Controlling cost means monitoring and controlling updates and changes to costs, budget, and the cost baseline of the project. Monitoring and controlling costs has two dimensions to it: expenditure of project funds and the work performed as a result of those expenditures. One major aspect of cost monitoring and controlling is to determine the relationship between the expenditures and the accomplishments. The cost performance depends on this relationship. The other main aspect is to control the changes to the approved cost performance baseline

What Challenges faced by modern secretaries in organisation?

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Asked by Wiki User

A secretary provides administrative support to senior level professionals. Commonly called an executive assistant, this individual performs a variety of clerical, operational and, sometimes, personal tasks aimed at ensuring that his employer's business and personal lives function as efficiently as possible. In addition, it is not uncommon for employers to prefer to hire candidates who possess a college degree. Although this has been traditionally viewed as an entry-level occupation, the role of secretary is extremely challenging.

The need to be technically proficient is a challenge imposed on a secretary. He/She must know how to use various computer programs, such as those used for word processing, financial spreadsheet maintenance and presentation creation. In addition, he/she must be able to properly use a host of office machinery, including photocopiers, fax machines and mult-line telephones.

He/She is also often the clearing house through which the various projects undertaken by the business are processed. As a result, the challenge of staying organized and on top of everything is requested of him every day. If he were to drop the proverbial ball, business may slow down, if not come to a complete halt all together.

Does it save money to join Costco?

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Asked by Wiki User

Depends on how much stuff you buy that Costco sells. For a large family, for a group or a business, possibly. For 1 or 2 people, maybe not.

What is a goal of using a personal budget?

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Asked by Wiki User

to save for your future financial goals