Abstract
We live in a world in which budgets of all types have a profound influence on our lives. Contact with budgets ranges from somewhat informal personal budgets for our income and time, to the direct or indirect influence of governmental budgets, to the strict control exercised by our employer’s business or corporate budgets. In a budget the funds that have been established for specific purposes very much determine what activities will be pursued and the extent that they will be accomplished. This pattern is definitely the case in the chemical process industries, varying from such simple and basic functions as whether there are funds to hire additional engineers, the amount of money allocated for specific projects, and the extent that the company will invest in new projects and make capital expenditure based on recommendations you have made after performing cost estimates and economic analyses.
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© 1989 Van Nostrand Reinhold
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Garrett, D.E. (1989). Accounting and Budgets. In: Chemical Engineering Economics. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-6544-0_8
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DOI: https://doi.org/10.1007/978-94-011-6544-0_8
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