FIN575 University of Phoenix Week 6 Creating a Business Budget Discussion

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Business Finance

FIN575

University of Phoenix

Question Description

Due Thursday

Respond to the following in a minimum of 175 words:

Organizational budgets assist businesses leaders with awareness of expenditures and managing resources. Businesses use a variety of budgets to measure their spending and develop effective strategies for maximizing their assets and revenues. Organizational budgets are generally designed to meet specific needs of the organization.

  • Discuss the benefits that may be achieved by creating a business budget.
  • Discuss the likely organizational problems that may arise from not creating a business budget.

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Explanation & Answer

Attached.

Running head: ORGANIZATIONAL BUDGETS

Organizational Budgets
Student’s Name
Institution
Year

1

ORGANIZATIONAL BUDGETS

2
Organizational Budgets

When making investments, a budget is a very crucial tool and the benefits of a budget
should never be overlooked when running a business. Some of the benefits that may be achieved
through budgeting include reduced incidences of overspending since the expenditure is well
planned and the amounts recorded (Kapsos et al., 2018). Through a budg...

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UCLA

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