Budgeting

Program Budget

A program budget is a framework by which the business allocates its resources to different departments and activities and manages the cash flows of the organization. There are many …

Types of Budget

The budget forecasts the future activity of the company and helps in allocating the funds/resouses to the different areas or departments of the business. The budgets help in measuring …

Financial Budget

A budget helps an organization allocate the resources of the company to different departments and activities and manage the cash flows of the business in an effective way. There …

Material Variance

Material Cost Variance The difference between the standard cost of direct materials specified for production and the actual cost of direct materials used in production is known as Direct …

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 …