A capital budget outlines an organisation's long-term investments. It details expenditures on assets like buildings and equipment. This budget helps in planning for future growth. It differs from an operational budget, which covers day-to-day expenses. Effective capital budgeting ensures optimal resource allocation. It is crucial for financial stability and strategic development. Businesses and governments use it to guide significant financial decisions.
1. Financial Accounting: Accounting as a Financial Information System; Impact of Behavioural Sciences. Ac-counting Standards e.g., Accounting for'Depreciation,...
