What is the importance of budgets for organizations

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During this course, you have become familiar with a number of different types of budgeting and examined their preparation and uses. Consider the information you have been given. As a manager, you might not have to construct a budget, but you will be required to provide input in its creation or work with a previously constructed budget.

· What is the importance of budgets for organizations in today's global economy?

· There are many assumptions that go into the preparation of a budget. What are some of those assumptions and how will you gather reliable information to make more accurate assumptions?

· What budgetary skills do you need to possess to be an effective manager and what will you do to improve those skills? What resources will you consult for information?

· What did you learn in this course that is most important to your future as a manager? How will you apply your newly acquired knowledge in your profession?

· After taking this course, how will you approach your role as a manager differently?

Reference no: EM131177228

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