Budgets and Variance

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Types of Budgets

  • Historical- set from last year’s figures
  • Zero based- departments or functions bid each year for how much money they need

  • Revenue Budget- money expected from sales

  • Expenditure Budget- money expected to be spent in the year

  • Profit Budget- combines revenue and expenditure budget

  • Start-up Budget- estimated costs of starting up


A Good Budget

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