Together with analytical accounting, cost analysis for decision-making, and management reporting, the budget is one of the tools available to the entrepreneur to realise an effective planning and management control process. Since the budget is an action programme expressed in economic terms, its usefulness lies in deciding what to do today in order to achieve tomorrow’s objectives, reducing ‘unmotivated turnover anxieties’, activating ‘experience accumulation’ processes, accelerating decisions during control, and relieving the entrepreneur of operational management problems.
The aim of this book is to present the basic techniques for budgeting to both the novice and those who work in the company and question the real usefulness of the ‘budget’ tool in cost-benefit terms.
A practical case, with a solution also proposed in Excel, a case which starts with the sales budget and ends with the verification of its economic and financial feasibility, provides a practical way of budgeting.
The originality of the didactic technique, based on the use of colours to represent the components of the budget and to give them meaning for each value, facilitates learning and makes reading on a topic such as the budget a pleasure, which is thus also interesting and engaging for those who have not yet experienced it in business practice.
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