budget


budget
A quantitative plan for the future activities of an organization or individual. The preparation of budgets is common in most *private and *public sector organizations, and budgets normally fulfill one or more of the following purposes: They act as (i) a record of planned activities, (ii) a standard against which to compare Variances with actual performance, (iii) a means of communicating an organization’s plans to employees, (iv) an *accountability mechanism for activities and assets, (v) a means of motivating and rewarding individuals for performance against budget, and (vi) an *internal control over operations. The sophistication and methodology of budgets varies widely. Budgets can be limited to high-level data on assets, revenues, and expenses, or they can consist of detailed financial statements, *cash flows, and operational statistics for individual areas of an organization. Budgeting methodologies tend to follow the costing methodologies adopted by an organization, like *activity based costing or a *just-in-time philosophy. While budgets can have a motivational effect on individuals, they can also have dysfunctional consequences. For example, employees may be tempted to incur inappropriate expenses to fully use a budget, in order to ensure they are allocated a similar budgetary level in future years. More generally, organizational turf wars can erupt over the allocation of budgeted resources, and it has been perceptively noted that "it is a rare organization in which budgets do not create a framework for conflict" (Sawyer and Vinten, 1996, 245). Compare *forecast.

Auditor's dictionary. 2014.

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  • budget — [ bydʒɛ ] n. m. • 1764; mot angl., d ab. « sac du trésorier », de l a. fr. bougette, dimin. de bouge « sac, valise » 1 ♦ « Acte par lequel sont autorisées les recettes et les dépenses annuelles de l État ou des autres services que les lois… …   Encyclopédie Universelle

  • Budget de l'ue — Budget de l Union européenne Le budget de l Union européenne (UE) a pour but de donner à l Union les moyens de mener ses politiques. Il est issu des contributions des États membres et est établi et exécuté en euro depuis 1999. Les grandes lignes… …   Wikipédia en Français

  • Budget — Sn Finanzplanung erw. fach. (18. Jh.) Entlehnung. Über frz. budget entlehnt aus ne. budget, dieses aus afrz. bougette Lederbeutel , einem Diminutivum zu frz. bouge m. Ledersack , aus l. bulga f. (Eigentlich ist das englische Wort entlehnt und… …   Etymologisches Wörterbuch der deutschen sprache

  • budget — [buj′it] n. [ME bougette < OFr, dim. of bouge: see BUDGE2] 1. Obs. a bag, pouch, or purse, or its contents 2. a collection of items; stock 3. a plan or schedule adjusting expenses during a certain period to the estimated or fixed income for… …   English World dictionary

  • budget — I noun accountancy, accounts, allocation, allotment, allowance, appropriation, balance sheet, balance statement, distribution, estimated expenditures, planned disbursement, profit and loss account, provision, ration, statement, statement of… …   Law dictionary

  • Budget — Budget: Die Bezeichnung für »‹Staats›haushaltsplan« wurde im 18. Jh. aus engl. budget entlehnt, später in der Aussprache an frz. budget angelehnt, das selbst aus dem Engl. stammt. Engl. budget bedeutete ursprünglich wie das vorausliegende afrz.… …   Das Herkunftswörterbuch

  • budget — ► NOUN 1) an estimate of income and expenditure for a set period of time. 2) the amount of money needed or available for a purpose. 3) (Budget) a regular estimate of national revenue and expenditure put forward by a finance minister. ► VERB… …   English terms dictionary

  • Budget — Budg et, n. [OE. bogett, bouget, F. bougette bag, wallet, dim. of OF. boge, bouge, leather bag. See {Budge}, n., and cf. {Bouget}.] 1. A bag or sack with its contents; hence, a stock or store; an accumulation; as, a budget of inventions. [1913… …   The Collaborative International Dictionary of English

  • Budget — (Etat) ist die planmäßig, in bestimmter Form aufgestellte Übersicht, in der die Staatsverwaltung oder eine sonstige öffentliche Wirtschaft für einen bestimmten Zeitabschnitt die von ihr in Aussicht genommenen Aufwendungen den zu ihrer Deckung… …   Enzyklopädie des Eisenbahnwesens

  • budget — BUDGÉT s.n. v. buget1. Trimis de valeriu, 13.09.2007. Sursa: DEX 98  BUDGÉT s.n. v. buget. Trimis de LauraGellner, 13.09.2007. Sursa: DN …   Dicționar Român

  • budget — [n] financial plan account, aggregate, allocation, allowance, bulk, cost, estimated expenses, finances, fiscal estimate, funds, means, planned disbursement, quantity, quantum, resources, spending plan, statement, total; concept 332 budget [v]… …   New thesaurus


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