The Article & Link of IRRICA.COM

What is Budget System (BS) PDF Print E-mail
Written by Cecilia Chee, Singapore   
Monday, 03 October 2011 16:04

 

 

Budget System (BS)

budget (from old French bougette, purse) is a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary terms.

In summary, the purpose of budgeting is to:

1.    Provide a forecast of revenues and expenditures, that is, construct a model of how our business might perform financially if certain strategies, events and plans are carried out.

2.    Enable the actual financial operation of the business to be measured against the forecast.

 

 

alt

Last Updated on Monday, 03 October 2011 19:39
 
Under Copyright © 2017 www.irrica.com. All Right Reserved By IRRICA Software Team. IRRICA.com is the Web Site provided in all of Software Engineering Development(SED) and all of Enhanced Business Implementation(EBI) for Enterprise Software Industry World.
For more information, please issued your enquiry at e-mail: office@irrica.com