In this presentation, everyone would be able to see budget procedure in details and the different types of budgets.

1. SUBMITTED TO:DR MOHIT GUPTA
SUBMITTED BY:DEEPINDER KAUR

2. 1.
•Identification of key factor
2.
•Making the forecasts
3.
•Communicating details of budget policies
4.
•Preparation of budgets
5.
•Negotiation and coordination of budgets
6.
•Review of budgets

9.  CLASSIFICATION ACCORDING TO TYPES OF
ACTIVITY: These budgets are also called
functional budgets because they are related
to a particular functional area of operations.
these budgets are sales budget ,production
budget, purchase budget etc.

10. Capital
expenditure
• Research and
development
expenses
• Capital
investments
Operating
budgets
• Sales budget
• Purchase
budget
Financial
budgets
• Cash budgets
• Performa
financial
statements

11.  Flexibility
 Fixed budget does not change with the level
of activity.it remains static.
Flexible budget is prepared to incorporate the
effect of different level of activities.
FIXED BUDGET FLEXIBLE BUDGET
CLASSIFICATION ACCORDING TO
FLEXIBILITY

12. FIXED BUGDET CYCLE: A fixed budget is one which is
prepared ,once per year. the remaining period for
which the budget is prepared will shorten until the
budget for the next year is prepared.the budget once
made will not be changed for the reminder year.
ROLLING BUDGET: The budget period never ends.For
example, a company's 2020 annual budget will
become a rolling budget if in February 2020 it adds
the budget for January 2021 to replace the January
2020 budget. After janaury 2020 occurs, the rolling
budget will consist of the 12 monthly budgets of
March 1, 2020 through February 28, 2021.