Analytical accounting of costs, budgets, and management.
Unpredictable environmental trends and make necessary professional organizations with expertise for the implementation of a budget system. Thus, planning and control of the company will be provided, as budgeting is the negotiation and quantification of objectives, promoting the commitment to its achievement. And, budgetary control involves calculating deviations to measure efficiency in the execution of activities, and each manager.
It is necessary to train professionals capable of budgeting. Budgets involve making an assessment a priori (before the action), and assume quantify, physical, economic and financial terms, for each responsibility center, the necessary resources to achieve their goals, in ways that are consistent with the overall objectives company, with the objectives of the other centers of responsibility and the responsibilities of each center defined in the organizational structure of the company. The integration of budgets, will be the master budget for the direction in the time period considered, reflecting the economic, financial and asset situation future of the organization.
Subsequently, through budgetary control, the performance will be assessed a posteriori (after the action), and will involve a continuous process of comparison between the achievements of each responsibility center, and initial objectives considered in the budget. From the analysis of the causes that have produced the deviations, appropriate corrective action will be taken.
The translation in the annual accounts of the companies of the decisions taken, evaluate what happened, the current situation and future prospects through appropriate economic and financial analysis, using the analytical tools necessary to show the liquidity, solvency and performance of organizations facilitate obtaining business valuation for different target.