3. Concept of Budget.
functions of Budget.
Advantages of Budget.
Techniques/ approaches of Budget.
Types of Budget.
Characteristics of Budget.
Bottlenecks of Budget.
4.
5. A Budget is a plan of financial operation
embodying an estimate of the proposed
expenditure for a given period and purpose
and the proposed means of financing them.
a budget is a comprehensive and
coordinated plan expressed in financial
terms for the operation of a system or an
organization for a specific period to achieve
predetermined goals. ( FREGMEN 1973)
6. Budgeting is the process of allocating an
organization/ institution available
resources to its units, activities and
investment and to monitor the
performance of managers and
employees.
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10.
11. Basis for internal audit since regular evaluating
departmental results.
wastages and losses are avoided and maximum
efficiency is attained.
management plans ahead to achieve long term
goals.
Increase communication and coordination in the
firm.
Identification of areas of efficiency and
inefficiency.
act s yardsticks for comparing actual
performance.
12.
13. zero base Budgeting(ZBB).
Activity Based Budgeting( ABB).
Kaizen Budgeting.
14. There are many types of budgets prepared
according to deferent basis and deferent
aspects.
Line-item Budget:
most traditional type of budget.
not goal oriented.
costing of listing of item.
Performance budget:
goal oriented.
emphasize on what to be achieved.
15. Recurring and non-recurring Budget.
Deficiency and special budget.
capital budget.
labour budget.
cash budget.
Target Budget.
progrmme Budget.
strategic Budget.
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19. Thanks for Your Participation.
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