Budgeting 2.0 / 5 based on 1 rating ? Business StudiesFinancial PlanningASAQA Created by: Gemma DeaneCreated on: 22-01-13 15:28 An agreed plan establishing in numerical or financial terms the policy to be pursued and the anticipated outcomes of that policy. Budget 1 of 5 This shows the agreed, planned income of a business (or division of a business) over a period of time. Income Budget 2 of 5 This shows the agreed planned expenditure of a business over a period of time. Expenditure Budget 3 of 5 This shows the agreed, planned profit of a business (or division of a business) over a period of time. (income minus expenditure) Profit budget 4 of 5 The process by which the outcomes of budgets are examined and then compared to the budgeted figures. Variance analysis 5 of 5
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