Financial Planning - Corporate Budgets

Financial Planning - Corporate Budgets : Here you will find help with business budgeting particularly as the budgeting process links up with various kinds of short and long term planning.

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Finance: Why Budgeting Kills Your Company By Loren Gary Why doesn't the budget process work? Read what experts say about not only changing your budgeting process, but whether your company should dispense with budgets entirely. 8 ways to make a budget work By Jeff Wuorio If you've put in the work and created a business budget, follow it! If you don't, you'll lose the benefits that you planned for when you built the little monster. Get started by reminding yourself that your business budget is not a monster. It's nothing more than a set of guidelines for your spending and saving habits. Below, I've laid out some common problems that pop up with many established budgets, along with some solutions that can help you stay within budgetary guidelines. Building A Financial Budget By n a Find out the two types of budgets any business should build. Learn how to anticipate where your business money will be spent. Also, see how to allocate your time, money and resources. 5 Common Budgeting Mistakes By Ian Benoliel Learn the most common mistakes new business owners make when budgeting, and how they can be avoided. Overstating projections and ignoring the tax man are two of the common errors discussed. See the article for more information. The Five-Year Itch - For CFOs, the biggest question about doing five-year plans is: why bother? By Kris Frieswick Next to preparing the annual budget, the exercise that many CFOs dread most is creating a five-year plan. The document can take months to craft, is impossible to get right, and generally becomes obsolete within six months. Why, then, are companies still wedded to it? The answers are varied. Some CFOs, especially those at capital-intensive companies or municipalities, produce five-year plans to support bond issues or other long-term capital financing. Others do them simply because their bosses want one. No matter why they do it, however, CFOs agree on one thing: after year two, it's all guesswork. Budget Planning: The Next Generation By Rick Whiting Strategic planning means adopting new budgeting and forecasting processes and practices. While budget planning usually starts with the previous year's numbers, strategic budget planning begins with the organization's objectives--say, increasing sales 10%--and then building a budget designed to achieve those goals. "People are using budgets more for planning and control, and to tie the budget back to actual results," says Madan Sheina, a senior analyst with the Aberdeen Group. (www.work911.com)

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