Different types of Budgets

Pregunta	Respuesta
Incremental Budgeting	preparing a budget by basing it on the budget for the previous period with adjustments for inflation and known changes
Zero based Budgeting	Preparing a budget without reference to the previous period, but by analysing the costs and benefits of a series of decision packages.
Priority based budgeting	Ranking outcomes into levels of priority as a means of budgeting only for those with the highest priority. Often used in the Public sector.
Activity Based Budgeting	Using the techniques of activity based costing to prepare budgets based on activities and their cost drivers.
Strategic budget	A long term budget produced in outline only.
Operational Budget	A short term budget produced in detail.
Rolling budgets	Budgets that are continually extended into the future as time goes on.
Fixed budgets	A set of budgets based on a single set of assumptions about sales levels: these budgets are often used for planning purposes.
Flexibile Budgets	A series of sets of budgets based on different sales levels: these may be used for anticipating different outcomes at the planning stage, or for monitoring actual costs against an appropriate budget.
Top- Down budget	this is a type of budget were senior management produce the budgets for junior managers to work towards.

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	Creado por ross young hace alrededor de 4 años