Substantial amount of revenue-benefit from budgeting

Reference no: EM1365049

1. Explain how both small and large organizations can benefit from budgeting.

2. Explain why a company can show it has a substantial amount of revenue and yet not able to pay its current liabilities?

3. Have you been directly or indirectly involved in a budgeting process? Briefly describe the process that you have been involved in?

4. "I do not care to prepare the annual department budget because whatever amount I submitted will be reduced." Do you agree with such a remark?

5. In your opinion what impact does an unrealistic budget (for example not enough budget money) has on the performance and morale of your department/yourself?

Reference no: EM1365049

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