[Verse 1] Every organization needs a plan to guide their way Where the money comes from and how it flows each day Budgeting's the roadmap that shows us where to go Comparing what we planned against the actual flow [Chorus] Plan, Control, Coordinate - the three pillars standing tall Evaluate performance when you measure it all Static budgets hold the line, flexible budgets bend and sway Master budgets rule them all in the planning display [Verse 2] Start with strategic objectives, what you want to achieve Then forecast your resources, what you can receive Operating budgets show the day-to-day routine While capital budgets plan for assets unforeseen [Chorus] Plan, Control, Coordinate - the three pillars standing tall Evaluate performance when you measure it all Static budgets hold the line, flexible budgets bend and sway Master budgets rule them all in the planning display [Bridge] Top-down from executives or bottom-up from the floor Participative budgeting opens up the door Rolling budgets keep updating as the quarters pass by Zero-based starts from nothing, every dollar justified [Verse 3] Variance analysis tells us where we went astray Favorable or adverse, there's lessons in each way Communication flows better when the budget's in place Motivation increases when targets show the pace [Chorus] Plan, Control, Coordinate - the three pillars standing tall Evaluate performance when you measure it all Static budgets hold the line, flexible budgets bend and sway Master budgets rule them all in the planning display [Outro] From sales to production to the final balance sheet Budgeting fundamentals make planning complete The foundation's built strong for financial success When you master these concepts, you'll manage the best
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