Category: Budgeting

Traditional Budgeting

Meaning of Traditional Budgeting Traditional budgeting is a method of preparation of the budget in which last year’s budget is taken as the base. Current year’s budget is prepared …

Activity Based Budgeting

Activity based budgeting is a budgeting method in which budgets are prepared using Activity Based Costing after considering the overhead costs. In simple words, activity based budgeting is management …

Variance Analysis

Variance Analysis deals with an analysis of deviations in the budgeted and actual financial performance of a company. The causes of difference between the actual outcome and the budgeted …