Definition of budget

If on a micro scale, what Anthony told his daughter in today?s comic is true, what is it then on macro scale? Looking at the budget deficit and the growing public debt, one may suppose it is similar on a micro scale. Perhaps it?s is time to cut expenses? It is worth thinking about a low-cost solution in the form of expert systems available online. The systems follow work by experts calculating e.g. CIT income tax, actuarial provisions for retirement benefits, performing impairment tests of fixed assets.

Tags: financial closing of accounts fiscal year tax closing annual financial statements

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