Budgets are the backbone of financial control.

Question

Quizplus · Accepted Answer

Budgets provide a comprehensive overview of a company's financial situation, which is essential for financial control. An effective budget helps to ensure that a company's expenses are aligned with its revenues and that it can accurately track spending and income. By providing a framework for decision-making, budgets form the backbone of financial control, making it easier for companies to manage their resources and make informed financial decisions.

Budgets Are the Backbone of Financial Control