0
Budgeted cost compares with actual cost and then we try to reduce if cost is more than budgeted cost Forcasting is just estimation of future cost . They may use or not . These forecasted cost is just direction for future cost but practically only budgeting concept is more relevant regarding cost accounts .
What else can I help you with?
What is the difference between qualitative and quantitative forecasting?
what is the difference between qualitative and quantitative
Whats the difference between accounts analysis and engineering analysis?
what is difference between accounts and engineering
What is the difference between activity based budgeting and traditional budgeting?
The activity based budgeting will give a percentage of the budget to the sections that are the most used. Traditional just splits it all up evenly.
What is the difference between an Accounts officer and an accountant?
There in no difference between an accounts officer and an accountant other than the job level. They both provide account management services.
What the difference between short-term intermediate and long-term budgeting goals?
Short term... budgeting from one pay-day to the next. Medium term... budgeting for a larger expense (such as a holiday) Long term... budgeting for a very big expense (ie a car or house)
Difference between pledging and factoring accounts receivable?
pledging is a
What is the difference between the word planning and forecasting?
Planning is the attempt to create the future by building a path that leads to the furure you desire. Forecasting is attempting to predict the future through empirical means.
What is the difference between accountant and accounts executive?
same most probably
What is the difference between micro forecasting and macro forecasting?
Micro forecasting focuses on predicting short-term trends at a granular level, such as sales of individual products or services within a specific market segment. Macro forecasting, on the other hand, involves forecasting broader economic indicators or trends that affect an entire industry or economy, such as GDP growth or inflation rates.
What's the difference between 401k accounts and Roth IRA accounts?
401K accounts are started through and employers. Roth IRA accounts can be started by an individual at a local bank.
What is the difference between credit sales and accounts payable?
Credit sales referes to sales and accounts payable referes to bank
What is the difference of public finance from private finance?
the different between public and private wants is on the financial means availlable and on the budgeting procedure
