budgeting

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budgeting

the process of preparing BUDGETS and exercising BUDGETARY CONTROL. Budgeting encourages forward thinking by managers; serves to help coordinate different functions and departments in the firm; defines the responsibilities of individual managers; provides a framework for delegating responsibility; and provides incentives by setting standards of achievement. Budgeting also provides an instrument for control by pointing out where corrective action is required and a basis for modifying plans where necessary Finally budgeting enables managers to practise MANAGEMENT BY EXCEPTION concentrating only on important deviations from plans.

References in periodicals archive ?

It's just that most cases don't go to trial, and budgeting as if they will seems unnecessary.

Partnering with your attorneys on major lawsuits: intelligent and realistic litigation budgeting and preparation can be critical to the outcome of a case and can bring good financial results for the company and the law firm

It's a much different approach than that taken by typical corporate entities and requires a budgeting and planning process that goes well beyond the next quarter's earnings.

Come together: how to marry strategic & financial plans for a more flexible, accurate budget

What we can learn about budgeting from trains and planes.

Budgeting: trains, planes and pulp and paper

PPBE -- The Planning, Programming, Budgeting and Execution (PPBE) System; Structure of the Future Years Defense Program (FYDP); budget exhibits.

Business, Cost Estimating and Financial Management (BCEFM) Special Interest Area

Over the past several years, the GFOA Research Center has received a considerable number of inquires from state and local governments regarding multi-year budgeting (MYB).

Multi-year Budgeting: A Primer for Finance Officers

That price tag includes consulting fees, in-house stag time and the purchase and customizing of state-of-the-art software to link disparate corporate data across the enterprise--essential for effective planning and budgeting.

Better budgets

Total Business Budgeting by Pobert Rachlin is one way to not only hold onto this view but also widen it.

Total Business Budgeting

It is my hope that the organizational emphases of the transitional library model and the approach to budgeting that supports it will provide libraries with the, means to prosper under the technology assault and to develop the ability to adapt to change easily.

Getting comfortable with change: a new budget model for libraries in transition

This realization forced upper management in our facilities to grudgingly give up total control of the development of the key numbers in their operations by allowing department heads to contribute to the budgeting process.

Teaching staff how to budget

But the mere fact that these questions are being posed and serious attempts made to find the answers will provide some reassurance that all facets of the marketing budgeting problem have been explored.

How foundries can develop better marketing budgets

Welcome to the world of "cash budgeting," where taxpayers fund such cockeyed choices because, in the government's "unified" budget, all outlays are created equal.

Building America to last: a smarter investment strategy can end the recession and balance the budget

In an evaluation of their budgeting, forecasting, and reporting processes, an astonishing 60% of companies surveyed exhibited limited adoption of BPM best practices, while less than 4% showed strong adoption.

Business Performance Management Survey Reveals 60% of Finance Departments Have Not Adopted Best Practices