Flexible Budget – Meaning, Advantages & Disadvantages, Preparation and More
What are Flexible Budgets?A flexible budget is a budget or financial plan of estimated cost and revenue for different output levels. The variation happens… Read Article
Budgets
Budgeting Examples
Budgeting or budget is basically planning all your revenue and expenses ahead. Companies usually project their revenue and expenses for a specific time period,… Read Article
Capital Expenditure Budget
Before we understand the Capital Expenditure Budget, let’s first try to clarify what the term Capital Expenditure stands for.What is Capital Expenditure?Capital Expenditure is… Read Article
Budgeted Income Statement – Meaning, Importance And More
Organizations always rely on comparative performance to understand where they lack and the places where they excel. A Budgeted Income Statement, a type of… Read Article
Budgeting in Project Management
Budgeting in Project ManagementThe process of creating plans to spend and use money in an organization makes up budgeting. Budgeting helps determine the spread… Read Article
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
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
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 the… Read Article
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 completed.… Read Article
Performance Budget
What is a Performance Budget?Performance budget, also referred to as performance-based budgeting, is a practice of preparing the budget based on the evaluation of… Read Article
Master Budget
What is Master Budget?All the functional divisions of the organization prepare the budget for the particular division. The master budget is the sum total… Read Article