The art of budgeting

Business & Finance
Tutor: None Selected Time limit: 1 Day

Cite at least five (5) budgeting mistakes and their consequences.Write your answer on a yellow paper following the table below:

1 . BUGETING MISTAKES
2. CONSEQUENCES
Jan 4th, 2015

Overstating projections

Ignoring immediate budgetary needs

Assuming existence of revenue is indicative of positive cash flow

Forgetting sales tax

Mismanaging the advertising timeline

Reference:

http://www.entrepreneur.com/article/49360

Consequences: 

Mismatch between cash inflow and cash outflow

Arranging finance at higher rate of interest


Jan 4th, 2015

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