Budgeting Model

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Budgeting Model

Any quantitative system used to help prepare a budget. A budgeting model helps a company ready itself in case revenues and/or expenditures are different from estimations. That is, it assists in determining what a company ought to do if it performs particularly well or poorly in a given year. Most budgeting models involve calculations done on a computer.
References in periodicals archive ?
There are many ways to classify budgeting models (Barr and McClellan 2011; Goldstein 2012), but our concern here is linkage with planning.
Structural budgeting models create environments of particular scarcity because all existing resources are allocated and nothing is free to direct to new priorities.
In addition to replacing homegrown, manual Excel reporting and budgeting models, we see a rapidly increasing number of companies in need of replacing antiquated legacy corporate performance management (CPM) tools like FRx, Forecaster, Cognos TM1, Hyperion and MicroStrategy, and BI360 is a natural upgrade path due to the deep, live ERP integration as well as a familiar Microsoft Excel and web user interface," said Mike Applegate, Chief Technology Officer at Solver.
The treatment of these three essential components has changed over time as various budgeting models have been developed and tested to provide a logical basis for committing resources to further the organization's mission.
The SBM was designed recognizing the three necessary components underlying all budgeting models.
We will mention this in the summary section as it is the usual nature of all budgeting models to balance the financial aspects with the outcome aspects planned for the future.
We present the Sustainability Budgeting Model (SBM) in the context of a department of nursing (DN) of a major hospital.
We use hospital as the example in this article; however, the proposed sustainability budgeting model is useful in any health care organization faced with allocating scarce resources.
Following we will (a) review the development of budgeting, particularly in the not-for-profit sector, to understand the successes and failures and so understand the challenges in developing a workable budgeting model where sustainability is the calibration measure of choice, (b) discuss an overview of the components of the SBM, (c) detail these components and provide an illustrative example of the SBM, and (d) discuss the future developments that may impact the implementation of the SBM.
Two themes were the focus of the public panels: Institutional Roles in Evaluation, Quality Assessment, and Selection and Structuring and Budgeting Models for Publishing within the University Community.
IT must develop baseline usage models and budgeting models to help IT and business units budget appropriately for the ups and downs associated with pay-as-you-use pricing.
An application guide to Planning that includes a comprehensive walk-through of the planning and budgeting models.