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1. To define the objectives of the organization as a whole.
2. To rebuilt the extent by which actual results have exceeded or fallen short of the budget.
3. To indicate why actual results differ from the budgets.
4. As a basis for the revision of the current budget or the preparation of future budgets.
5. To ensure that resources are used as efficiently as possible.
6. To see how well the activities of the organization have been coordinated.
There should be conclusion of production budget and sales budget. This is done through “master budget”.
7. Provide some central control where activities are decentralized.
Titany answered the question on October 12, 2021 at 08:20
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