Explore Preliminary Tasks for Preparing a Budget Finance Paper (Research Paper Sample)

Explore Preliminary Tasks for Preparing a Budget
Student’s Name
Institutional Affiliation
Explore Preliminary Tasks for Preparing a Budget
Introduction
The way in which resources in an organization are distributed is important because it determines the ability of attain desired objectives. The budgeting process ensures that funds are allocated to the different departments of an entity in an equitable manner, hence, ensuring that the goals are attained. Notably, it is important that employees and departmental heads participate in the process of making budgets to ensure that all the items that require financing are incorporated. A budget is also an effective tool that is used by managers to evaluate performance and determine the control measures that should be adopted for the segments that perform poorly. The report seeks to discuss the preliminary tasks that are undertaken when preparing Microsoft’s budgets.
Mission Statement
The mission of Microsoft is to empower organizations and people around the world (Microsoft.com, 2019). Therefore, Microsoft sells products that help individuals and entities in transforming the world.
Goals and Objectives