Budget is a formal and approve document. It has two parts: How much funds are required and how these would be met. It is the same as cash inflow and outflow. Estimates reflect only expenditure side and it could be an informal way. Supposing a dam is to constructed. First will come the estimate say $5 billions. Even if this figure is accepted as realistic, the question would arise where from the money would come. On identifying the genuine sources, a budget would be prepared and approved. In short, while both show future costs, estimate point out towards expenditure while the budget would also give details on financial plan or how that expenditure would be met.
They have the same meaning.
Planned Value is the authorized budget assigned to the scheduled work to be accomplished for a schedule activity or a work breakdown structure component Earned Value is the value of completed work expressed in terms of the approved budget assigned to that work for a schedule activity or work breakdown structure component.
A business plan is an overall look at a business that lists areas like product overview, marketing plan, action plan and it includes financial history (if any) and financial predictions; there fore a budget. So in terms of comparing these two in the same context, a budget is a subcategory of a business plan. when talking in general, a business plan gives a comprehensive look at a company and it's objectives, while a budget shows financial planning.
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
The double coincidence of wants is one of the major part of the Barter System.The two basic terms actually don't have any specific difference.
What is the difference between Invoice & Bill, in common terms. What is the difference between Invoice & Bill, in common terms.
What is the difference between dependant and independent events in terms of probability
There is no difference between both terms as both terms represents the date at which financial statements are prapared.
There is no meaningful difference between those two terms.
There is no difference, the terms are synonymous.
There is no difference, the terms are used interchangeably.
A budget is a list of all planned expenses and revenues. It is a plan for saving and spending. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms.
What is the difference between solid and gas in terms of their fluidity
The only difference is that a binomial has two terms and a polynomial has three or more terms.
Earned value is the physical percent complete x the approved budget. Value of work done is the percent complete x the estimate at completion. VOWD is used as an accrual mechanism which is dependent on the forecast - thus the figure will be adjusted upon receiving an invoice/actual being realised, earned value is a physical percent complete represented in terms of the budget applied universally and is absolute.
Terms >>> implied terms conditions >> "do this and you'll get that" normally under a contract
Difference is a subtraction word. What is the difference between 5 and 2 = 3