what are the five characteristics of an effective budget?
150016
["The Budget Must Address the Enterprise's Goals. ... ", 'The Budget Must be a Motivating Tool. ... ', 'The Budget Must Have the Support of Management. ... ', 'The Budget Must Convey a Sense of Ownership. ... ', 'The Budget Should be Flexible.']
1197519
There are five general characteristics of the successful defense: preparation, security, disruption, massing effects, and flexibility.
979506
['Characteristic #1: A "Can Do" Attitude. ... ', 'Characteristic #2: Change Leadership Skills. ... ', 'Characteristic #3: Effective Communicator. ... ', 'Characteristic #4: Understanding of the Business. ... ', 'Characteristic #5: Project & Stakeholder Management.']
343222
['A Financial Plan – which is a budget projected out by month for the next 12 months. ... ', 'A Marketing Plan – which is what drives your Financial Plan.']
731334
There are six main characteristics of effective language. Effective language is: (1) concrete and specific, not vague and abstract; (2) concise, not verbose; (3) familiar, not obscure; (4) precise and clear, not inaccurate or ambiguous; (5) constructive, not destructive; and (6) appropriately formal.
106610
The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.
1257577
['Accurate. Information on performance must be accurate. ... ', 'Timely. ... ', 'Objective and Comprehensible. ... ', 'Focused on Strategic Control Points. ... ', 'Economically Realistic. ... ', 'Organizational Realistic. ... ', "Coordinated with the Organization's Work Flow. ... ", 'Flexible.']
1278400
['Planning orientation. ... ', 'Profitability review. ... ', 'Assumptions review. ... ', 'Performance evaluations. ... ', 'Funding planning. ... ', 'Cash allocation. ... ', 'Bottleneck analysis.']
1056120
["Master Budget. A master budget is an aggregate of a company's individual budgets designed to present a complete picture of its financial activity and health. ... ", 'Operating Budget. ... ', 'Cash Flow Budget. ... ', 'Financial Budget. ... ', 'Static Budget.']
1365660
Four Main Types of Budgets/Budgeting Methods. There are four common types of budgets that companies use: (1) incremental, (2) activity-based, (3) value proposition, and (4) zero-based.
1190874
The purposea and benefits of identifying priorities when preparing a budget are: A budget helps you to manage the available money in a very effective manner. Identifying the priorities and the resources available will help one to allocate appropriate resources to relevant or prioritised projects.
301972
A good tax system should meet five basic conditions: fairness, adequacy, simplicity, transparency, and administrative ease.
1466070
There are four recognized elements of financial management: (1) planning, (2) control- ling, (3) organizing and directing, and (4) decision making.
1409575
['To set the goals for the future actions.', 'To implement the strategies to accomplish the preset goals.', 'To compare the actual results with the budgeted results periodically.']
750381
['Public accountability.', 'Multiple objectives.', 'Rights, powers and responsibilities (Constitutional or devolved)', 'Lack of equity ownership.', 'Operating and financial frameworks set by legislation.', 'The importance of the budget.', 'Governance structures.', 'Nature of resources.']
1252365
['Mission, vision, and aspirations.', 'Core values.', 'Strengths, weaknesses, opportunities, and threats.', 'Objectives, strategies, and operational tactics.', 'Measurements and funding streams.']
17388
A good tax system should meet five basic conditions: fairness, adequacy, simplicity, transparency, and administrative ease. Although opinions about what makes a good tax system will vary, there is general consensus that these five basic conditions should be maximized to the greatest extent possible.