BUDGET

BUDGET

1. A Budget is a plan expressed in quantitative usually monetary terms, covering a specified period of time, usually one year. Many companies refer to their annual budget as a profit plan since it shows the planned activities that the company expects to undertake in its responsibility centers in order to obtain its profit goals.

   • ELEMENTS :
     • Plan
     • Operations and resources
     • Financial terms
     • Specified future period
     • Comprehensiveness
     • Coordination

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