 In this presentation we will discuss the question of why budget? In other words what are the benefits of budgeting? One of the primary objectives is to have a future orientation, a future analysis, a future look to give everybody in the company an idea of where the company is going in general and then a map in terms of how are we going to get to that future objective. This seems obvious but if you take a look at different departments it's not as obvious as we might think because part of a company's objective is to divide tasks up by department and different departments are really geared towards what they're doing on a day to day type basis. So it's management's job then to have that future orientation to be looking into the future to be planning that endpoint to be planning where the company is going what's the direction of the company from an overarching type of standpoint and then help the others to see that overarching standpoint within different departments so that each department although they are looking for the date