|
nura, hargeisa
|
What is a Budget? Definition
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.
X
Welcome to the (Beyond) Budgeting forum. The topic being discussed here is: "What is a Budget? Definition".
Please sign up now to read all responses and to join this discussion yourself.
Log in
|
|
Jeroen van de Graaf, Netherlands
|
|
What Precisely is a Budget?
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.
|
|
|
Qudsiya Amatun Nayeem Student (MBA), India
|
|
What is a Budget?
A budget generally refers to your financial resour...
|
|
|
Arif ur Rehman Professor, Pakistan
|
|
BUDGET - a Mnemonic / Acronym
You can see BUDGET as an acronym:
B = Balanced
U...
|
|
|
K.Narayana Moorthy HR Consultant, India
|
|
BUDGET as an Acronym
Mr. Arif ur Rehman's two points are highly relevan...
|
|
|
|
More on (Beyond) Budgeting:
|
|
|
|
|
|
|