A budget (from old French bougette, purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending.
4 Main Merits of Performance Budgeting are as follows:
1. It helps the management to regulate its each and every activity according to predetermined standards of performance, targets and objectives.
2. It is not only an estimate of future needs but goes beyond that and- includes functions, programmes, activity schemes and time schedules to help effective and economic allocation for the programmes.
3. It lays great stress on the management of organisational structural and overall policy, personnel, financial, etc. from traditional to dynamic one.
4. It is not merely a projection of trends and targets but planning the business from grass root level to top level on rational thinking and forecasting.
These benefits do not come problem-free:
A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not the past. :)
budget deficit
It is designed to reach short-term goals
Short-term goal
In forex trades, it refers to the first currency in a currency pair which has the same meaning as the term "base currnecy".
A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not the past. :)
While the capital budget and revenue budget are both budgets, the capital budget is incorporated for the long term. A revenue budget is made for the short term.
explain the term budget out turn
budget deficit
In simplest terms, a budget deficit means spending more than what is being earned. Or, more money is going out than income coming in. It is a term more common when discussing government spending.
In simplest terms, a budget deficit means spending more than what is being earned. Or, more money is going out than income coming in. It is a term more common when discussing government spending.
budget is a money where you will not spend all your budget so that you have longer terms of it or plans.
a cash budget.
what is the difference and similarity between cash budget and long term financial planning
National Budget is tye total of all monies that a government can spend on its departments.
The verb to criticize (UK criticise) means either1) to indicate the relative or merits of an action, concept, product, or creative effort. This can be either objective or subjective (opinion).2) as above, but specifically finding fault, i.e. negative criticism.Note : Although the related term "critique" still has a generally neutral connotation, the term criticize has assumed a modern meaning of disapproval, or a negative response.
Syncope is the medical term meaning fainting.