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What is a budget and what is its essential aspect?

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تم إضافة السؤال من قبل Nadjib RABAHI , Freelancer , My own account
تاريخ النشر: 2016/06/25
Emmanuel Wamweta
من قبل Emmanuel Wamweta , production supervisor , Tembo Steel Rolling

I agree with mr. Vaiyapuri's submission & nothing more to add on it.

Thanx for the invitation

Vaiyapuri Gopalakrishnan
من قبل Vaiyapuri Gopalakrishnan , Manager - After Sales , M/s Saud Bahwan Automotive llc

An estimate of costsrevenues, and resources over a specified period, reflecting a reading of future financial conditions and goals.

One of the most important administrative tools, a budget serves also as a (1) plan of action for achieving quantified objectives, (2) standard for measuring performance, and (3) device for coping with foreseeable adverse situations.

Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt. 

 

SHAHEEN khan
من قبل SHAHEEN khan , Cro/Cso Cutomer Services Officer/Customer Relationships Officer , COMRADE SOFTWARE MARKETING LLC

Thanks for invite me

But it's not related my skill 

Sorry for it

Nadjib RABAHI
من قبل Nadjib RABAHI , Freelancer , My own account

A budget can be defined as a detailed plan, expressed in quantitative terms and interesting aspects of the activities of a company, for a future period determined.

The budget is based on forecasts, but there is a willingness of action on the future. This is a plan

An essential aspect of the budget is that it concerns the future, but this term future, is often associated with the forecast.

Predict is a judgment on the evolution of things.

The prediction may be based on a scientific basis by the study of past evolution and trends.

Ahmed Mohamed Ayesh Sarkhi
من قبل Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

Agree with expert ansewrs above

 

Mohamed Helal
من قبل Mohamed Helal , Project Manager , GROUP CONSULT INTERNATIONAL

I prefer to leave answers to Experts. Thanks for Your kind Invitation.

sardar mardookhy
من قبل sardar mardookhy , PMP certified Project manager , MCCI

agreed with experts,

..............thanks

Mohamed shahin
من قبل Mohamed shahin , Director , Metsa Group

 

Budget is your business plan , based in you past experience , including cost of operation and Forecasting you sale revenue this also determine your needs for man power and finance, such cash flow etc….

 

Atef Alharbi
من قبل Atef Alharbi , Projects Department Manager-West Region , Al-Gihaz Holding for Contracting and Trading

In simple way, the budget is the financial plan for certain actions during fixed period. It is mandatory to prepare healthy cash flow during the period and avoid the debt.

Michael Van Wyk
من قبل Michael Van Wyk , Maintenance Manager Mechanical , Klipwerf Granite

a Budget is typically a plan of income vs expenditure, the budget is proposed income less expected operating cost, designed to meet companies forecast business plan

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