أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Budgeting
- is financial translation/expression of the Company's operational and strategic objective and plans
- It's being done annually, in sometimes it's prepared for longer period in case of capital budgeting.
- It starts withs sales and end with cash budget.
- Budget is used as planning and controlling tool. (Act. vs Bud.)
Forecasting
- you are building an anticipation based on assumptions to reach an estimation for a future event based on certain assumptions.
- Unlike budget, forecasting does not necessarily end with budgeted Balance sheet, income statement, cash flows. It could be a forecast for certain type of expenses or revenues.
The forecast is a technique used to predict the future and it is used in preparing budget. So budget is prepared based on forecasts.
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟