Introduction
One is called a manager because of the responsibilities and duties he/she carries out. It may be supervisory or implementation duties. (Shapiro, J. 2001). Regardless of the amount of resources the managers will require to accomplish set goals, they should be able to produce a document or statement that reflects how the future operations of the organization will be carried out. Future expenditure and income of the organization should also be noted in the budget. (Shapiro, J. 2001).
In general terms, a budget is a financial document whose key purpose is to translate ideas into financial gains. (Curristine, T. 2007). A budget ...
