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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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292, or the Administrative Code of 1987, as the legal basis for implementing cash-based budgeting.
Diokno: Cash-based budget system will be implemented this year
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SSCC is funded on a biennial calendar by the state, so its strategic planning and budgeting process are structured around it.
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4: to engage in sound budget, credit, and tax management practices, encourages you go be proactive with the budgeting process.
Budget for single mom
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Come together: how to marry strategic & financial plans for a more flexible, accurate budget
Similarly, studying and evaluating budget documents from many different jurisdictions helps one keep abreast of the latest trends in the field of governmental budgeting. These trends naturally work their way into the budget documents under consideration for the award.
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Budgeting: trains, planes and pulp and paper
Several steps are worth considering toward building a more universally informed budgeting process:
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* Budget Policy -- DoD budgeting policies (full, incremental, annual, etc); link to the DoD Financial Management Regulation; other useful links; budgeting implications of contract types; working capital funds.
Business, Cost Estimating and Financial Management (BCEFM) Special Interest Area
The LOICZ webpage also summarizes and updates the budgeting procedure, provides tools for carrying out the process, offers teaching materials, and posts existing budgets as they become available.
Pooling data on coastal zones. (Innovations)
A few Fortune 1000 companies--including Allstate, Fujitsu, Nationwide Financial Services, Owens Corning, Sprint and Texaco--recognize they've been guilty of inadequate planning and budgeting. To improve those processes, they're trading their usual bottom-up planning and multi-iterative budgeting processes for top-down strategic plans budgeted by department managers.
Better budgets

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