Meaning And Definition Of Budget Pdf

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Zero based budgeting in management accounting involves preparing the budget from the scratch with a zero-base. It involves re-evaluating every line item of cash flow statement and justifying all the expenditure that is to be incurred by the department.

Definition : In the general sense, the budget is described as a precise statement, representing a financial estimate of income and expenditure of the government for a certain period. In cost accounting, budget means a quantitative statement, prepared before a particular period to serve as an estimate of future receipts and disbursements. The integrated process of preparing, implementing and operating budgets is called as Budgeting.

Read this article to learn about Budgeting. After reading this article you will learn about: 1. Meaning of Budgeting 2.

Budget Terms and Definitions – A Glossary of Important Terms

A budget is a financial plan for a defined period , often one year. It may also include planned sales volumes and revenues , resource quantities, costs and expenses , assets , liabilities and cash flows. Companies, governments, families and other organizations use it to express strategic plans of activities or events in measurable terms. A budget is the sum of finances allocated for a particular purpose and the summary of intended expenditures along with proposals for how to meet them. It may include a budget surplus , providing money for use at a future time, or a deficit in which expenses exceed income. A budget derived from the old French word meaning purse is a quantified financial plan for a forthcoming accounting period.

After studying this unit. A single item of public expenditure or that of public revenue cannot be judged in isolation. Whereas public expenditure is designed to promote welfare, the taxes impose costs on the tax payers. The welfare and costs, utility and disutility of government financial transactions, need to be balanced. The demands for expenditure have to be balanced against the available resources.

Time and money are scarce resources to all individuals and organizations; the efficient and effective use of these resources requires planning. Planning alone, however, is insufficient. Control is also necessary to ensure that plans actually are carried out. A budget is a tool that managers use to plan and control the use of scarce resources. Companies, nonprofit organizations, and governmental units use many different types of budgets.

What is a Budget?

Budgets can be made for a person, a group of people, a business, a government, or just about anything else that makes and spends money. A budget is a microeconomic concept that shows the trade-off made when one good is exchanged for another. In terms of the bottom line—or the end result of this trade-off—a surplus budget means profits are anticipated, a balanced budget means revenues are expected to equal expenses, and a deficit budget means expenses will exceed revenues. To manage your monthly expenses, prepare for life's unpredictable events, and be able to afford big-ticket items without going into debt, budgeting is important. Keeping track of how much you earn and spend doesn't have to be drudgery, doesn't require you to be good at math, and doesn't mean you can't buy the things you want. It just means that you'll know where your money goes, you'll have greater control over your finances.


Accrual budgeting means that spending ministries are given budgets which are defined in terms of accrual concepts and, in particular, that the budget sets.


Budget-Meaning-Characteristics-Functions-and-Classification.pdf

Она в столовой. Консьерж снова покачал головой: - Ресторан закрылся полчаса. Полагаю, Росио и ее гость ушли на вечернюю прогулку. Если вы оставите для нее записку, она получит ее прямо с утра.  - Он направился к полке с ячейками для ключей и почты.

Глава Отделения криптографии АНБ была не просто женщиной, а очень привлекательной женщиной. - Да нет, - замялся.  - Я просто… - Сьюзан Флетчер.

Но уже через минуту парень скривился в гримасе. Он с силой стукнул бутылкой по столу и вцепился в рубашку Беккера. - Она девушка Эдуардо, болван. Только тронь ее, и он тебя прикончит. ГЛАВА 56 Мидж Милкен в сердцах выскочила из своего кабинета и уединилась в комнате для заседаний, которая располагалась точно напротив.

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Этот термин возник еще во времена первого в мире компьютера Марк-1 - агрегата размером с комнату, построенного в 1944 году в лаборатории Гарвардского университета. Однажды в компьютере случился сбой, причину которого никто не мог установить. После многочасовых поисков ее обнаружил младший лаборант. То была моль, севшая на одну из плат, в результате чего произошло короткое замыкание. Тогда-то виновников компьютерных сбоев и стали называть вирусами. У меня нет на это времени, - сказала себе Сьюзан.

 - Она бросила пачку компьютерных распечаток ему на стол.

Если он хочет, чтобы мир узнал о ТРАНСТЕКСТЕ, позвоните в Си-эн-эн и снимите штанишки. Все равно сейчас ТРАНСТЕКСТ - это всего лишь дырка в земле. Так какая разница. Повисла тишина.

Я смогу ей объяснить. Она поймет. Честь. Страна.

 - Он, казалось, все еще продолжал сомневаться в том, что Хейл оказался вовлечен в планы Танкадо.  - Я полагаю, Хейл держит этот пароль, глубоко запрятав его в компьютере, а дома, возможно, хранит копию. Так или иначе, он попал в западню.

5 Response
  1. Eladio L.

    DEFINITION: A budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows. money you have, where it goes, and then planning how to best allocate those funds.

  2. Christelle C.

    Budgetary planning is the process of constructing a budget and then utilizing it to control the operations of a business.

  3. Luken B.

    According to a survey conducted by Clutch , 61 percent of small businesses have not created a formal budget.

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