Types Of Budgets And Steps Involved In Forecasting Essay Estimates.

Budget Cycle PhasesBudgets are helpful for the business in tracking and managing their resources. Business generally uses numerous types of budgets to measure their spending and creating efficient strategies for increasing the assets and revenues. The below listed are the types of budgets that are commonly used by the business are as follows;
Master Budget
Operating Budget
Cash Flow Budget
Sales Budget
Production Budget
Financial Budge…