• No products in the cart.

Budgeting

What is a Budget?

A budget is a plan written in numbers representing figures with forecasts of both financial and quantities numbers.

During the budgeting process, this forecast can then be compared to actual outcomes.

Return to Management Accounting Questions and Answers here.

To learn more, access the right low cost introductory accounting tutorial here

21

May'19

What is a Cash Budget?

    A cash budget is a plan of the cash balances in the future, taking into account the forecast …

Read More

21

May'19

What is a Flexible Budget?

A flexible budget shows budget figures for different activity levels.  This means actual performance can be compared to the budget figures of …

Read More

21

May'19

What is a Purchases Budget?

We need to work backwards from estimated sales to determine the purchases required. It is important to include the existing …

Read More

21

May'19

Budgeting for Expenses

  When preparing and expense budget, it is important to understand revenues and expenses and how they fit into an …

Read More

21

May'19

Budgeting for Revenue

The starting point for a budget is to estimate the revenue.   Revenue might be; the sales of a product …

Read More