Outline * Introduction: How Alicorp uses budgets to enable it to meet business objective and how this company has been developed an innovative and ingenious budget technique in order to keep its financial plans. * Supporting Idea 1: Budgeting provides the financial control in Alicorp Detail 1: Planning, budgets allow to plan activities Detail 2: Budgets serve as a guide to coordinate activities * Supportive Idea 2: Alicorp develops its own budgeting politic: Master Budges Detail 1: Sales Budget helps future sales in monetary terms Detail 2: Production Budget helps to administrate manufactured things during * Supporting Idea 3: Alicorp focuses on budgeting for future plans Detail 1: Monitoring actual outcomes against planed targets Detail 2: Qualify the future cost of the whole operations * Conclusion: Budgets are useful in financial goals to meet business objectives in a planned forward-thinking way.

ESSAY
The importance of budgeting in Alicorp
A budget is a financial plan to meet a target, which is expressed in financial terms and values that must be fulfilled within a specific period of time and under certain conditions laid down. This concept is applied to each responsibility center organization; there are plenty of advantages using budgeting techniques, which I will focus on in the next lines through an example of Peruvian company. Alicorp is a Peruvian company which was found in 1956 in Callao. I am going to explain how Alicorp uses budgets to enable it to meet business objective and how this company