budget
Definition
Estimate of costs, revenues, and resources over a specified period, reflecting a management's reading of future financial conditions. One of the most important administrative tools, a budget serves also as a (1) plan of action for achieving quantified objectives, (2) standard for measuring performance, and (3) device for coping with foreseeable adverse situations.
budget is in the Accounting & Auditing, Entrepreneurship, Management, & Leadership and Planning & Scheduling subjects.
budget appears in the definitions of the following terms:
appropriation account,
divisional budget,
budget elements,
bonus-penalty clause,
forecasting,
management rights,
buildup approach,
incremental budget,
budget adoption,
fixed production overhead volume variance
and
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