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Financial Planning and Budgeting Procedures

In: Financial Models and Simulation

Author

Listed:
  • Dimitris N. Chorafas

Abstract

A budget is a formal written statement of management’s plans for the future, expressed in quantitative terms. The financial allocations the budget makes, and the statistics being derived from them, chart the course of future action — provided the budget contains sound, attainable objectives rather than mere wishful thinking.

Suggested Citation

  • Dimitris N. Chorafas, 1995. "Financial Planning and Budgeting Procedures," Palgrave Macmillan Books, in: Financial Models and Simulation, chapter 5, pages 89-109, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37483-6_5
    DOI: 10.1057/9780230374836_5
    as

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