Budgets assist to communicate management's plan throughout the organization.
A budget is a spending plan based on income and expenses. It is an estimate of how much money you'll make and spend over a certain period of time.
The purpose of the budget is to establish financial objectives with the monitoring and measurement of results, enabling better decision-making. Budget is done for allocation of expenditures for various purposes over the next year.
Hence, budgets communicate management's plan throughout the organization.
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