Administrative Budgeting
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The series of slides are on Administrative Budgeting. It talks about the preparation of estimates with probable or proposed activities of all relevant costs comprising different expenses Benefits of ...

The series of slides are on Administrative Budgeting. It talks about the preparation of estimates with probable or proposed activities of all relevant costs comprising different expenses Benefits of Budgeting are also explained in this presentation by Welingkar’s Distance Learning Division.

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Administrative Budgeting Administrative Budgeting Presentation Transcript

  • Welingkar’s Distance Learning Division CHAPTER-27 Administrative Budgeting We Learn – A Continuous Learning Forum
  • Welingkar’s Distance Learning Division Budgeting • It refers to preparation of estimates with probable or proposed activities of Administration Department with all relevant costs comprising different expenses We Learn – A Continuous Learning Forum
  • Welingkar’s Distance Learning Division Budget • It is a financial statement, prepared and approved prior to a defined period of time, showing planned income to be generated and probable expenditure during the referred period • It is a management tool of control, and a plan of future activities that are quantified in monetary terms, usually for a period of one year We Learn – A Continuous Learning Forum
  • Welingkar’s Distance Learning Division Sample heads of accounting under Budgeting • • • • • • Purchase of capital equipment Engaging or renewing contract service/s Communication expenses Expansion of any specific activity Requirement of additional manpower Such other accounts which may be variable or semi-variable We Learn – A Continuous Learning Forum
  • Welingkar’s Distance Learning Division Types of Budget • Capital Budget • Revenue Budget • Contingent Budget We Learn – A Continuous Learning Forum
  • Welingkar’s Distance Learning Division Benefits on account of Budgeting • Definite clarity of the activities undertaken in relation to approved budgetary limits can be achieved • Advance planning helps in accomplishing effective and constructive results • It helps the head of the departments at the first place, and subsequently at the corporate level • It facilitates better and effective communication in delivering administrative services and activities by the administration We Learn – A Continuous Learning Forum