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Different types of Budgets
Karten in diesem Stapel (10)
- 1Incremental Budgetingpreparing a budget by basing it on the budget for the previous period with adjustments for inflation and known changes
- 2Zero based BudgetingPreparing a budget without reference to the previous period, but by analysing the costs and benefits of a series of decision packages.
- 3Priority based budgetingRanking outcomes into levels of priority as a means of budgeting only for those with the highest priority. Often used in the Public sector.
- 4Activity Based BudgetingUsing the techniques of activity based costing to prepare budgets based on activities and their cost drivers.
- 5Strategic budgetA long term budget produced in outline only.
- 6Operational BudgetA short term budget produced in detail.
- 7Rolling budgetsBudgets that are continually extended into the future as time goes on.
- 8Fixed budgetsA set of budgets based on a single set of assumptions about sales levels: these budgets are often used for planning purposes.
- 9Flexibile BudgetsA series of sets of budgets based on different sales levels: these may be used for anticipating different outcomes at the planning stage, or for monitoring actual costs against an appropriate budget.
- 10Top- Down budgetthis is a type of budget were senior management produce the budgets for junior managers to work towards.
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- Beschreibung
- Recognising the qualities of different Budgets.
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- ross young
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