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Budget ( profit plan ) is a realistic plan for the future expressed in quantitative terms . Budget is a planning tool , a control tool , a motivational tool , communicat ... See More
a cushion of extra resources that can be used with options-based planning to adapt to unanticipated change, problems, or opportunities
A comparison between annual budget allocated versus its spending as per plan to meet the goal during a fiscal year.
insrecrions and procedures of how the budget prepares
Budgetary slack is generally frowned upon by most accountants. This strategy effectively prevents budgets from working properly. It can even be unethical in some cases, s ... See More