Management system that includes elements of financial planning, budget formation, and controlling of budget execution
A management system that includes elements of financial planning, budget formation and the monitoring of compliance therewith
Planned short-term intentions and expectations based on estimates or forecasts.
The process of translating planning and programming decisions into specific projected financial plans for relatively short periods of time. Budgets are short-range segments of action programs adopted that set out planned accomplishments and estimate the resources to be applied for the budget periods in order to attain those accomplishments.
Budgeting has two meanings at OSU: allocating funds or planning revenues and/or expenditures.
The process of determining and recording the expected financial results of a future period, generally the next fiscal year. In some organizations budgeting is limited to financial items that are shown on the income statement, while in others the budgeting process produces the three major statements ( Income Statement, Balance Sheet, and Cash Flow Statement). After the target time period begins, the budgeting process frequently includes tracking actual financial figures against the forecast as well. There is considerable overlap between the activities of budgeting and forecasting. Budgeting usually involves a more detailed account structure and a finer time scale than forecasting, which typically covers between three and seven years of higher-level projections.
The process of planning the expenses of a project or programme.
time phased financial requirements.
Outlines a retailer's planned expenditures for a given time period based on its expected performance.
Estimation of all income and expenses for an accounting period or financial forecasting, planning, and controlling.
a process consisting of a series of steps by which estimates of revenue and expenses and related statistical data are used to compile a plan for expenditure for the next financial period.
Identifying your income and expenses for a certain period so that you know where your money goes and can plan how it might be used in the future.
The detailed process often used to create a company's annual operating plan. The budget, which is more detailed than a longer-term plan, usually includes 12 monthly periods. It is often a by-product of the business planning process and a quantification of the business plan.