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Allocated budgeting, otherwise known as "envelope budgeting", is a method of allocating funds as they become available into individual categories from which expenses are paid, as opposed to balancing a common pool into which income is deposited and from which expenditures are withdrawn in a reactionary manner.
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What method of budgeting is being employed when expenditures are allocated by an analysis of expenditures for all aspects of producing and marketing of a product?
The method of budgeting being employed is known as "activity-based budgeting" (ABB). This approach focuses on analyzing the costs associated with specific activities required to produce and market a product, allowing for a more precise allocation of resources based on actual operational needs. By examining the expenditures tied to each activity, organizations can identify areas for efficiency improvements and better align their budget with strategic goals.
How does zero based budgeting differ from other budgeting?
Nhlanhla Yende
Can attention be allocated to tasks?
Can attention be consciously allocated to tasks
What budgeting option is best used only with limited resources and expenses?
Mental Budgeting
What is sound budgeting?
Budgeting that determines the costs and expenses put towards sound. whatever that may be.
How is result based budgeting applicable in Zimbabwe?
With results based budgeting in Zimbabwe, funds are allocated based on defined progressive steps. Rather than have funds available not tracked to measurable results, results based budgeting provides incentive to perform.
Can a pie chart be used to help budget your bills or anything pertaining to budgeting money?
Yes, eg a pie chart of how your money will be allocated
Name 10 stagerties use in budget amemanship?
Ten strategies used in budget management include: Zero-Based Budgeting: Starting from a zero base and justifying all expenses. Incremental Budgeting: Using the previous period's budget as a base and adjusting for changes. Activity-Based Budgeting: Allocating funds based on the costs of specific activities. Flexible Budgeting: Adjusting budgets based on varying levels of activity. Rolling Forecasts: Continuously updating budgets based on real-time data and trends. Top-Down Budgeting: Senior management sets the budget, which is then allocated to departments. Bottom-Up Budgeting: Departments create budgets that are aggregated to form the overall budget. Variance Analysis: Monitoring and analyzing differences between budgeted and actual figures. Cash Flow Budgeting: Focusing on the inflow and outflow of cash to ensure liquidity. Performance-Based Budgeting: Linking funding to the results and performance outcomes of programs.
What does the process of budgeting encompass?
what does the process of budgeting encompass? what does the process of budgeting encompass?
Is Standard Cost same as actual cost?
Standard cost is that cost which is budgeted at start of production while actual cost is that cost which actually incurred by business both of them can be same if actual cost incurred is same as allocated or determined in budgeting process using standard cost otherwise there will be difference.
What are the similarities between planning programming budgeting and zero based budgeting?
Both planning programming budgeting (PPB) and zero-based budgeting (ZBB) emphasize a structured approach to resource allocation and prioritization. They focus on aligning budget decisions with organizational goals and objectives, ensuring that resources are allocated based on necessity rather than historical spending. Additionally, both methods require thorough analysis and justification of expenses for each budget cycle, promoting efficiency and accountability in financial planning. Ultimately, they aim to enhance decision-making and improve the effectiveness of resource utilization.
What is the definition of 'Marketing Budgeting'?
marketing budgeting
What is rational budgeting?
budgeting that's rational
How do strategic planninglong-range planning and budgeting differ?
Strategic planning is a disciplined effort to ensure long term development that is responsive to the changing and competitive environment. Long-range planning is an effort to achieve long-term goals and relies on these plans to be implemented assuming circumstances are not going to change much. Budgeting is creating a number of activities to be performed with the amount allocated in the budget.
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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