Tag Archives | Budgeting

What is Budget?

Budget is a plan of operations to be carried out during a specified future period and this plan comprises all aspects of business activities and summarizes the result of carrying out this plan. The word Budget is derived from a French word Bougette representing a leather pouch into which funds were appropriated to meet the anticipated expenses. However the word [...]

By |2023-02-04T15:19:16+05:30April 30, 2022|Budgeting|Comments Off on What is Budget?

Capital Budgeting

Capital budgeting is a process which helps enterprises in examining the financial implications of the long term investment projects. The decision of accepting or rejecting an investment project as part of a company's policy depends upon the investment rate of return that such a project will generate. Capital budgeting is the process of evaluating and selecting investments in capital assets [...]

By |2023-01-13T18:45:43+05:30April 29, 2022|Financial Management|Comments Off on Capital Budgeting

Benefits and Limitations of Budgeting

After reading this article you will learn about the benefits and limitations of budgeting. Benefits of Budgeting: Budgeting assists managers at all levels in carrying out planned activities. It has the following benefits: (a) Standards of performance: Budgets provide standards of performance for various periods and sub-periods, Actual performance can be compared against standards at frequent time intervals and timely [...]

By |2016-08-09T07:55:33+05:30August 9, 2016|Techniques of Control|Comments Off on Benefits and Limitations of Budgeting
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