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Developing and Using a Budget Analyzer

In: Financial Models and Simulation

Author

Listed:
  • Dimitris N. Chorafas

Abstract

Whether or not in a conscious manner, management uses an income statement and a budget for the same purpose aeronautical engineers employ physical models and digital simulators of aircraft. The budget predicts the anticipated outcome of a business strategy, and if the projected results are unsatisfactory, management can alter some of the variables and the financial allocation made to them.

Suggested Citation

  • Dimitris N. Chorafas, 1995. "Developing and Using a Budget Analyzer," Palgrave Macmillan Books, in: Financial Models and Simulation, chapter 6, pages 110-131, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37483-6_6
    DOI: 10.1057/9780230374836_6
    as

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