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Major processes of budgeting are:
1.preparation of estimates of revenue
2.preparation of estimates of expenditure
3.presentation of budget in parliament
4.general discussion in parliament on budget
5.voting of demands
6.passing of financial bill
7.exection of budget
8.budget becomes law after the assent of president
9.distribution of funds.......
What else can I help you with?
How do you do the factory budget?
Budgeting and forecasting are business processes essential to a company's operations. Budgeting involves planning for revenues and expenses. Forecasting is a method of predicting trends based on historical and current.
What is a major feature of incremental budgeting?
Provides small increases in the current budget over the previous year's budget.
What is the difference between a budget system and a budget cycle?
A budget system refers to the overall framework and processes an organization uses to plan, allocate, and monitor its financial resources. It encompasses the tools, methodologies, and policies for budgeting. In contrast, a budget cycle is the specific timeframe during which budgeting activities occur, typically including phases such as preparation, approval, execution, and evaluation. Essentially, the budget system is the structure, while the budget cycle is the timeline of budgeting activities.
What is Feed-forward control in context of budgeting?
Feed-forward control in budgeting refers to a proactive approach that focuses on anticipating and addressing potential challenges before they occur. It involves setting performance targets and budgets based on forecasts and expected outcomes, allowing organizations to allocate resources effectively and adjust strategies in advance. This method contrasts with feedback control, which reacts to past performance. By using feed-forward control, businesses can enhance efficiency and adaptability in their budgeting processes.
What does the word budgeting mean?
Budgeting means making a financial plan about how much money to spend on specific items. You might say for example, I am budgeting a thousand dollars for snacks.
What are the major features of traditional budgeting system?
The major features of traditional budgeting system include incremental budgeting based on previous year's budget, top-down approach where targets are set by senior management, detailed line-item budgets for each department, and annual budget cycles.
How do you do the factory budget?
Budgeting and forecasting are business processes essential to a company's operations. Budgeting involves planning for revenues and expenses. Forecasting is a method of predicting trends based on historical and current.
What are the advantages of planning programming budgeting systems?
When it comes to planning programming and budgeting systems, there is one major advantage over alternative methods. That is the ability to integrate long range planning, execution, and budgeting for any system.
What is a major feature of incremental budgeting?
Provides small increases in the current budget over the previous year's budget.
What does the process of budgeting encompass?
what does the process of budgeting encompass? what does the process of budgeting encompass?
What is an example of incremental budgeting?
A good example of incremental budgeting is like that used by governments. A government can simply look at the previous year's budget and decide to make greater allocations to each major cost such as education or military.
What is rational budgeting?
budgeting that's rational
What is the definition of 'Marketing Budgeting'?
marketing budgeting
Is observing is one of the 2 major processes used in science?
processes in observing processes in identifying processes in desribing processes in comparing processes in classyfying processes in inferring processes in guessing processes in preducting processes in hypothesizing processes in measuring processes in experamenting
What is the objective of capital budgeting?
objectives of capital budgeting
Water budgeting and marketing?
BUDGETING AND MARKETING OF WATER
What is Expense Budgeting Why we have to prepare Expense Budgeting?
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