operating budget
Definition
Detailed projection of all estimated income and expenses based on forecasted sales revenue during a given period (usually one year). It generally consists of several sub-budgets, most important one being the sales budget which is prepared first. Since an operating budget is a short term budget, capital outlays are excluded because they are long-term costs.
operating budget is in the Accounting & Auditing, Banking, Commerce & Finance and Planning & Scheduling subjects.
operating budget appears in the definitions of the following terms: capital budget and master budget
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