. What financial tools do you use in this chapter?
In this topic, we talk about two tools the budget and the financial statements. These protect our capital from any effect of our financial decisions, help us evaluate options, consequences and they identify potential threats.
The budget is an estimate of the income and expenses that will be taken in the project. Helps evaluate projects and proposals with a purpose of finalizing this.
The financial statement provides a picture of our current economy, which shows where funds have been used, and money inflows and outflows.
B. What are the components of a comprehensive budget and what is the purpose of each component?
A comprehensive budget is a budget that covers all aspects of life
In this topic, we talk about two tools the budget and the financial statements. These protect our capital from any effect of our financial decisions, help us evaluate options, consequences and they identify potential threats.
The budget is an estimate of the income and expenses that will be taken in the project. Helps evaluate projects and proposals with a purpose of finalizing this.
The financial statement provides a picture of our current economy, which shows where funds have been used, and money inflows and outflows.
B. What are the components of a comprehensive budget and what is the purpose of each component?
A comprehensive budget is a budget that covers all aspects of life