Tag - planning

THE WEBSITE IS ABOUT MANAGERIAL ACCOUNTING. EXPLAINED IN PLAIN LANGUAGE. ABOUT ACCOUNTING WITH LOVE

Planning and budgeting

These terms had been confusing me for a long period of time, but then I realized that the budgeting is a type of planning. So many businesses doing what-they-call budgeting are actually involved in planning. It is a good idea as many enterprises do not consider planning at all. What is the difference between planning and budgeting? Actually, the difference lies in the centers of financial liabilities if we consider budgeting. In other words, the head of the department having approved...

How to create a business plan using Excel

Calculatingthe payback of roasted sunflower seeds shop. What should we do? 1.       To buy equipment (investment outlay). 2.       To rent the premises (office and warehouse). 3.       To hire the staff. 4.       To buy the raw materials and the necessary. 5.       To produce the products. 6.       To sell the products. Now let’s have a closer look. The stated below is the detailed statement how to use Excel for the calculations, so if you are not going to use this software for thepurpose at your enterprise, do not waste your time. It is better for your understanding to download a file...