Project 4
1. Project 4
1.15. Training Room Summary
Project 4: Budgeting
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Training Room Summary
This is the last training room for Project 4: Budgeting. Businesses use their financial statements, which are summaries of their financial information, to develop a plan, prepare a budget, and analyze their budget. Budget analysis is a complex and detailed activity, and financial analysis is studied in detail in future financial management courses. It is hoped that this brief introduction demonstrates the value of budgeting and budget analysis.
You are now ready to work on Project 5, which is the major assignment for this course. As part of this assignment, you will complete an accounting cycle and prepare a budget analysis.