When used appropriately, a budget can be a very powerful tool in the hands of a capable manager. Budgets provide insight and guidance in a budgeting period and essentially function as a vital instrument in helping a manager to plan and control their business. Budgets determine how a company has progressed and if it has met its previous goals.

This chapter covers budgeting ins and outs and how budgeting can be used as a positive and motivational tool for company growth.

Module Outcomes: