Budgeting in Capital Goods Industry

Abstract

In this I would like to give you a bird eye view of the budgeting process which will be most suitable for the capital goods industry. Budgeting is a crucial document/data where detailed study of the projected period is being done. Budgeting is a first step which is used as a strategic tool in business controlling, it starts with revenue forecasting & ends with business expansion. Profitability as well cash flow management is crucial aspects which are taken care in the process of budgeting. The process of budgeting ensures financial performance in a dynamic economic scenario.