Budgetary Control

Budget Control

Budgetary control is the process of preparing budgets for the future period, comparing the standards set by the budget with the actual performance, finding… Read Article
Participative Budgeting

Participative Budgeting

What is Participative Budgeting?Participative budgeting is a method of budgeting wherein both the people who implement the budget and who will be affected by… Read Article
Variance Analysis Report

Variance Analysis Report

What is a Variance Analysis Report?Variance Analysis Report is useful to identify the gap between the planned outcome (The Budgeted) and the actual outcome… Read Article
Project Budget

Project Budget

What is Project Budget?The project budget is prepared for a specific project for a particular period of time to achieve a specific result. It… Read Article
Operating vs Financial Budget

Operating Vs Financial Budget

Both operating and financial budgets are part of the master budget. While discussing differences between operating and financial budgets, first, let us understand what… Read Article
Sales Volume Variance

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… Read Article
Budget Models

Budget Models

What is a Budget? A budget is a financial plan of expected cash inflows and outflows that a business generates. A sound budget guides… Read Article
Rolling Budgets

Rolling Budgets

What is Rolling Budget? Rolling means continuous. The rolling budget is continuously updated by adding further accounting periods when the earlier accounting period is… Read Article