discussion

Search. 10:46 PM 47% Back Discussion Details ACCTG 180 1st Discussion Group 3 Background Planning is a major contributor to a company's success. Setting financial goals and documenting those plans is called budgeting. Many small business owners and managers don't make plans, or they fail to regulate their business in accordance with them. As a result, businesses flounder, fail, and the owners never really understand what went wrong. Instructions To successfully complete this activity, follow these steps: 1. Select a topic or two from Chapter 14 regarding planning a budget and share your insights on it. 2. Consider these suggestions (but feel free to find your own): Budgeting and human behavior (i.e. management and other employees' attitude toward the budget). The accuracy of forecasts. What happens if we're too optimistic or too conservative? . The statement that "Little is more important to business success than effective cash management." 3. Post your thoughts and insights by midweek. You may share personal experiences. Reply to those who respond to your thread. You may pose questions for classmates after sharing your insights. 4. Respond to two of your classmates' posts with well- reasoned comments and additional insights by the end of the week.