Chapter survival toolkit
Overview
This chapter discusses budgets. It explains how they are created and managed; how they provide a summary of expected activity, as well as a tool for management control, and a target against which performance is measured; and it emphasizes that while they are important for managing the numbers, they should not be taken as the be all and end all of financial control.
Prerequisites
This chapter is similar to the previous one, in that you could read it in isolation; but, ideally, you should view it as a follow-on to everything discussed so far.
Mastering budgets
After reading this chapter, you should be able to answer the following questions:
What is a budget? Can you name three key indicators that it provides ...
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