explain design characteristics of budgetingSolutionDesingnin.pdf

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Budgeting involves preparing future estimates and statements to execute policy and achieve objectives. Budgets should be flexible to allow for changes as they are based on estimates of the future. Budgeting design incorporates estimating future finances, having flexibility to adapt to changes, and aligning financial plans with organizational goals.

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explain design characteristics of budgeting
Solution
Desingning of budgeting are as follows
Now characterstics of budgeting are as follow:-
1. Budgeting is to be done on the basis of future estimates
2. Budget should be flexible in nature which helps to make changes in future.
3.It is based on a objectives that is to be achieved in future
4.It is a statement that is to be prepared for the execution of policy

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