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What is the difference between Planning and Budgeting ?

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Question ajoutée par Ahmed Mohamed Abdel Latif Abdel Wahed , Finance Manager , Al Babtain Trading
Date de publication: 2013/09/17
Hossam AlDin Al Sayed Ageez
par Hossam AlDin Al Sayed Ageez , Senior Accountant , Umm Alqura Cement company - Joint stock listed co.

planning is to put a plan include3 types long and intermediate and short plans

Budget is the executive part of the short range plan which prepared for only one year also including details of sales volume, revenues, costs, expenses and cash flow etc.

Ramy Zakher
par Ramy Zakher , Executive director , EEP

Planning is the process of thinking about and organizing the activities required to achieve a desired goal.

 

budget is a quantitative expression of a plan for a defined period of time. It may include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.

Idrees Zafar
par Idrees Zafar , Senior Financial Analyst , Bayt.com

Planning is done for the long-term (5-10 years) and is strategic in nature while budgeting is for the short term (1-5 years) and is tactical in nature

DEBASISH BHATTACHARYA
par DEBASISH BHATTACHARYA , MANAGER , STATE BANK OF INDIA

Planning & budgeting are interlocked with each other 

1.Planning is investment & budget is return

planning & budgeting are two wheels of a cycle,apparently there may be some theoritical difference but in practical field both are reciprocal.Planning is sketching a framework & budgeting is an adherence to work within that framework.In the long run i must say a successful budget is the fruit of a successful planning

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