Monday 11 July 2011

Master Budget; a planning tools


  1. Sales of services or goods.
  2. Sales forecasting. Factors to considers ; 1. Past sales level and trends. 2. General economic trends. 3. Economics trends in the company's industry. 4. Weathers (others factors). 5. Political and legal events. 6. Pricing policy by company. 7. Planned advertising of competitors. 8. Expected actions of competitors. 9. New products by company or others firms. 10. Market research studies.
  3. Operational budgets.
  4. Budget Financial Statements.

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