Budgeting

Project Budget

What is Project Budget? The project budget is prepared for a specific project for a specific period of time to achieve a specific result. The project budget is prepared …

Sales Volume Variance

Sales volume variance (or Sales quantity variance) is nothing but the dollar variance in total sales as a result of ‘over or underachievement of sales numbers’. The mathematical representation …

Budget Models

What is a Budget? Budget is a financial plan of expected cash inflows and outflows that a business generates. A sound budget guides the business managers regarding the funds …

Rolling Budgets

What is Rolling Budget? Rolling simply means continuous. Rolling budget continuously updated by adding further accounting period when the earlier accounting period is completed. The rolling budget has a …

Performance Budget

What is Performance Budget? Performance budget also referred to as performance-based budgeting is a practice of preparing the budget based on the evaluation of the productivity of the different …

Master Budget

What is Master Budget? All the functional division of the organization prepares the budget for the particular division. The master budget is the sum total of all the divisional …