Budgeting is how a business plans for future production cycles. An initial budget - known as a "static" budget - is a necessary planning tool; creating a second, flexible budget allows a business to ...

The purpose of managerial accounting is to provide budgeting and performance information to managers so that they are able to successfully direct a company or business. Flexible budgeting and overhead ...

If you want to get a better handle on managing your money, creating a budget should be the first step. You have choices in the type of budget you want to create. Fixed budgets and flexible budgets are ...