Discussion of Financial Budgeting As a Tool of Economics in agriculture industry

Lei Huang
Accounting & Finance institute, Chengdu Jincheng College, Chengdu, 611731, China

DOI:https://doi.org/10.5912/jcb1210

Abstract:

Any foundation may use the budget as a management tool to ensure the financial aspect of its goals, revenues, costs, and results at the administrative level and to evaluate its financial performance by comparing actual results to those predicted this research study conducted in the agriculture industry. The effectiveness of the budgeting system as a key component of administrative control is demonstrated by the following factors: it necessitates crucial planning and execution, provides a point of reference for execution evaluation, contributes to representative inspiration, and facilitates coordination and correspondence. This analysis looks at the financial plan as a financial tool. The basic writing of functional spending plans as well as further financial planning into the spending plan and its impact on the public economy are proposed by the review.