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- https://biz.libretexts.org/Courses/Coastline_College/Personal_Finance_v2/05%3A_Financial_Plans-_Budgets/5.01%3A_Introduction_to_BudgetsBut while they are not lacking sincerity, determination, or effort, they nevertheless fall short for want of a plan, a map, a picture of why and how to get from here to there. As an action statement, ...But while they are not lacking sincerity, determination, or effort, they nevertheless fall short for want of a plan, a map, a picture of why and how to get from here to there. As an action statement, a budget is meant to be dynamic, a reconciliation of “facts on the ground” and “wishes.” While financial statements are summaries of historic reality, that is, of all that has already happened and is “sunk,” budgets reflect the current realities that define the next choices.
- https://biz.libretexts.org/Courses/Folsom_Lake_College/BUS_320%3A_Concepts_in_Personal_Finance_(Buch)/05%3A_Financial_Plans-_Budgets/5.01%3A_Introduction_to_BudgetsWhen projected in the form of a budget, figures become not only an estimated result but also an actual strategy or plan, a map illustrating a path to achieve a goal. As an action statement, a budget i...When projected in the form of a budget, figures become not only an estimated result but also an actual strategy or plan, a map illustrating a path to achieve a goal. As an action statement, a budget is meant to be dynamic, a reconciliation of “facts on the ground” and “castles in the air.” While financial statements are summaries of historic reality, that is, of all that has already happened and is “sunk,” budgets reflect the current realities that define the next choices.
- https://biz.libretexts.org/Courses/Southwestern_Community_College/BUS-121%3A_Principles_of_Money_Management/02%3A_Money_Management_Skills-_Financial_Statements_and_Budgeting/2.10%3A_Introduction_to_BudgetsWhen projected in the form of a budget, figures become not only an estimated result but also an actual strategy or plan, a map illustrating a path to achieve a goal. As an action statement, a budget i...When projected in the form of a budget, figures become not only an estimated result but also an actual strategy or plan, a map illustrating a path to achieve a goal. As an action statement, a budget is meant to be dynamic, a reconciliation of “facts on the ground” and “castles in the air.” While financial statements are summaries of historic reality, that is, of all that has already happened and is “sunk,” budgets reflect the current realities that define the next choices.
- https://biz.libretexts.org/Bookshelves/Accounting/Managerial_Accounting_(OpenStax)/07%3A_Budgeting/7.02%3A_Describe_How_and_Why_Managers_Use_BudgetsImplementation of a company’s strategic plan often begins by determining management’s basic expectations about future economic, competitive, and technological conditions, and their effects on anticipa...Implementation of a company’s strategic plan often begins by determining management’s basic expectations about future economic, competitive, and technological conditions, and their effects on anticipated goals, both long-term and short-term. Many firms at this stage conduct a situational analysis that involves examining their strengths and weaknesses and the external opportunities available and the threats that they might face from competitors. This common analysis is often labeled as SWOT.
- https://biz.libretexts.org/Courses/Prince_Georges_Community_College/BMT_1620%3A_FINANCIAL_PLANNING_AND_INVESTMENTS_(COOKS_2021)/05%3A_Financial_Plans-_Budgets/5.01%3A_Introduction_to_BudgetsWhen projected in the form of a budget, figures become not only an estimated result but also an actual strategy or plan, a map illustrating a path to achieve a goal. As an action statement, a budget i...When projected in the form of a budget, figures become not only an estimated result but also an actual strategy or plan, a map illustrating a path to achieve a goal. As an action statement, a budget is meant to be dynamic, a reconciliation of “facts on the ground” and “castles in the air.” While financial statements are summaries of historic reality, that is, of all that has already happened and is “sunk,” budgets reflect the current realities that define the next choices.
- https://biz.libretexts.org/Bookshelves/Finance/Individual_Finance/05%3A_Financial_Plans-_Budgets/5.01%3A_IntroductionWhen projected in the form of a budget, figures become not only an estimated result but also an actual strategy or plan, a map illustrating a path to achieve a goal. As an action statement, a budget i...When projected in the form of a budget, figures become not only an estimated result but also an actual strategy or plan, a map illustrating a path to achieve a goal. As an action statement, a budget is meant to be dynamic, a reconciliation of “facts on the ground” and “castles in the air.” While financial statements are summaries of historic reality, that is, of all that has already happened and is “sunk,” budgets reflect the current realities that define the next choices.
- https://biz.libretexts.org/Courses/Kansas_State_University/PFP_105%3A_Introduction_to_Personal_Financial_Planning/05%3A_Financial_Plans-_Budgets/5.01%3A_Introduction_to_BudgetsWhen projected in the form of a budget, figures become not only an estimated result but also an actual strategy or plan, a map illustrating a path to achieve a goal. As an action statement, a budget i...When projected in the form of a budget, figures become not only an estimated result but also an actual strategy or plan, a map illustrating a path to achieve a goal. As an action statement, a budget is meant to be dynamic, a reconciliation of “facts on the ground” and “castles in the air.” While financial statements are summaries of historic reality, that is, of all that has already happened and is “sunk,” budgets reflect the current realities that define the next choices.
