FOR DISCUSSION:Using all sources available (site your sources),explain (in your own...

Question

FOR DISCUSSION:Using all sources available (site your sources),explain (in your own words)operational budgetcapital budgethow are the two similar and differentNext, explain how a budget plays an important role in planning, controlling, and decision-making for a business.

Tanmoy · Accepted Answer

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BUDGET
Contents
Introduction	3
Analysis	3
Conclusion	4
Work Cited	5
Introduction
	 The ultimate objectives of a business are to administer the tasks of purchase, sales and payment expenditures for making a profit for the company. Hence, it is essential to prepared a budget which acts as a roadmap for commencing a business for a particular year and the possible ways to arrive at a profit at the end of the financial year. It is operational and capital budget which helps in creating two types of budgeting plans. These are operational budget and capital budget. The two budgets are diverse but have some forms of similarities for the purpose of budgeting. Thus, if there are changes in one budget then there needs to be modification in the other. 
Analysis
Capital budgeting is assisted with the supported multiple sources which consists of various bonds, grants along with cash and various sources of funds. The operating budget consist of various costs such as personnel costs and annual facility annual expenses. The operating budget is funded from the earnings generated through local property tax and sales taxes. Further, the operating budget consists of the transfer of revenues among various departments,

FOR DISCUSSION: Using all sources available (site your sources),explain (in your own words) operational budget capital budget how are the two similar and different Next, explain how a budget plays an...

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