Qn a.

  No! Accounting is a systematic process of discerning, classifying, recording, verifying, summarizing and interpreting financial information. Accounting reveals whether a business is profit making or making losses in any given period. Also, accounting further checks the value and nature of a company assets, liabilities and owners’ equity (Drury, 2007). On the other hand, a budget is a management’s quantitative expression of plans for any upcoming period.


 Drury(2007) proclaims that accounting plays an integral part in budgeting. Accounting is responsible for budget preparation, managing and tracking the budget expenses. Also, accounting helps in the sorting of the numbers, record balancing and making reports that will reflect the accuracy of the figures in budgets. Moreover, accounting puts every aspect of the budget into detail so that the company can exercise financial control. Without accounting, an organization will not be able to exercise control over its business operations and may run into losses (Drury, 2007).

 Qn b.

 A budget is a direct report of the financials and far-reaching ramification of the appropriate course of action that the management has chosen to follow within the next period, most probably a year. Budget is more of a plan that is expressed in money, and the managers are responsible for preparing and delivering the budget (Drury, 2007). While an organization may have a different level of departments, each one has a manager that is tasked with creating a budget for that specific department, and then all are collected and brought together for a companywide budget structure.

 Drury(2007) asserts that before any preparations of a budget take place, managers are tasked with conducting an analysis of the company, pinpointing areas of profit, where more resources might be needed and where new markets can be found. After performing the analysis, managers will be best placed in the allocation of funds within the organization, strategically distributing the financial resources to all areas of the company or business. Additional, the budget created will take into consideration all aspects of short term and long term goals to achieve company strategic objectives (Drury, 2007).















Timber by EMSIEN-3 LTD

The writing tips provide the best guidelines, and they help you to improve your writing skills. You can carry out the research work, narrow down the important points, proofread, and deliver them to the instructors. Academic paper samples include essays, research papers, and term papers. They guide you with referencing, in-text citations, formatting among others. Our site is the academic best friend that students require for the assignments that they find challenging. The tips assist you to create your time plan in a manageable fashion that will help you on a long-term basis, academically, socially, and personally. When you stick to your plan, you will not experience burnout from the stressful work. With technology, library books have been converted to E-books. Specific websites provide hosting services for the textbooks. The universities also provide you with a username, and password that assists you to access the site once you are registered with it. When you start writing the documents before the deadlines, you can manage the timelines. The content for the papers will be original too. Once the writing process is completed, the proofreading process starts. Writing errors that are dealt with include grammar, plagiarism, sentence fragmentation, punctuation and others. Our site helps you integrate all these resources and compose the best papers possible.