Budgeting is the process of predicting and controlling the spending of money within the organisation and consists of a periodic negotiation cycle to set budgets (usually annual) and the day-to-day monitoring of current budgets
the process of developing formal plans for future activities, often serving as a basis for evaluating actual performance (p 23, 1020)
Planning for and estimating the financial position of an organizational entity for a definite period of time
A process that includes creating a financial plan of action that an organization believes will help it to achieve its goals, given the organization's forecast
The process by which the government, or a governmental organisation, plans for its future expenditures, revenues, borrowing and other financial activities
the process of planning that specifies expected income and expenditure for a given period of time
The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences Also called budgetary controlling
The process of forecasting and controlling expenditure It consists of a periodic negotiation cycle to set budgets (usually annual) and the day-to-day monitoring and adjustment of current budgets based upon actual or predicted outturns
Detailed annual plan that typically takes from 4 to 6 months to complete and often involves many input sources i e to the line-management level IMPACT is designed to support a collaborative budgeting process from beginning to end
The process of anticipating the costs, and planning the expenditure of financial resources for the execution of on-farm research and development tasks, projects and programmes