Types of Budgets
Some companies utilize a budget that is both top-down and bottom-up. This allows managers and non-managers alike to contribute their knowledge and expertise to the budgeting process. Whatever type of budget is used, in order to be effective, it must...
Ratios
Ratios express the relationship between two numbers and can be used in two ways: to compare the past and present performance of the company itself, and to compare the company's performance with that of its competitors. Ratio analysis is an especiall...
Financial Controls and Budgeting Case Study: Santa Anita Racetrack
In addition to its pari-mutuel betting system and satellite wagering network, Santa Anita operates several dining facilities and shops, as well as an equine hospital and a large number of barns and stables. Each of these operations requires financia...