|
Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.
|
|
What is a Budget? Definition
nura
What precisely is a budget? Let's collects some good definitions here.
According to Wikipedia, a budget (from old French bougette, purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms. (...) Read more? Sign up for free
|
|
|
|
Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.
Sign up for free Log in
|
| |
|
What Precisely is a Budget?
Jeroen van de Graaf An estimate of costs, revenues and resources over a specified period, reflecting a reading of future financial conditions and goals.
One of the most important administrative tools, a budget serves also as a plan of action to achieve quantified objectives, as a standard to measure performance and as a device for coping with foreseeable adverse situations.
|
|
|
