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How does a budget differ from a forecast?

Budget is more accurate than forecast. A budget can be had from historic data whereas forecast looks into the future trends.


What is a forward looking statement?

A budget forecast.


What is The usual starting point for a master budget?

the sales forecast or sales budget.


How do you forecast budget in front office department in a hotel?

yes


Impact of budget on the Indian economy?

What is the impact of budget on th Indian economy?


What is the budget of Making Our Economy Right?

The budget of Making Our Economy Right is 3,000 dollars.


Which type of software use to prepare a budget forecast?

A financial package or a spreadsheet.


Which is most appropriate to create analyze and forecast budget?

Spreadsheet


Why always Indian have deficit budget?

Indian economy operates at deficit budget because India is a growing economy and a deficit budget alway boosts the economy.Indian economy is a planned economy where the Fiscal budget of total expenditure is always higher than total budget receipts and capital receipts excluding borrowings.


What is a plan for acquiring the resources needed to complete the manufacturing activities that will satisfy the organization's sales forecast a production budget?

production budget


What is the difference between cash budget and cash forecast?

Cash forecast is the estimate of the timing and amounts of cash inflows and outflows over a specific period (usually one year). A cash flow forecast shows if a firm needs to borrow, how much, when, and how it will repay the loan. Also called cash flow budget or cash flow projection.


How do you choose appropriate forecasting model?

1) Who will be using the forecast and what information do they require? 2) How relevant is historical data, and what is its availability? 3) How accurate does the forecast have to be? 4) What is the time period of the forecast? 5) How much time do we have to develop the forecast? 6) What is the cost or benefit (value) of this forecast to our company?