BudgetTheory分析.pptVIP

Budget Theory Two Questions Why Do We Budget and Forecast? Budget and Forecast Timeline How Do We Budget and Forecast? Why Do We Budget and Forecast? Why Budget and Forecast? Budgets and Forecasts A budget is a formal expression of the plans for the operation for a specific period. This agreed upon plan is then frozen. A forecast is a projection of activity based upon the latest information. A budget or forecast is your best estimate of the department’s financial results for a fiscal year. Why Budget and Forecast? Budgets and Forecasts Measure actuals and forecasts against the budget t