Fixed Budgets Meaning and Preparation, Advantages, Disadvantages, Example, Technique
Fixed budgets are budgets that are prepared in advance and do not change regardless of changes in the level of activity or volume of sales. …
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Fixed budgets are budgets that are prepared in advance and do not change regardless of changes in the level of activity or volume of sales. …
A flexible budget is a budget that adjusts for changes in activity levels or other factors that affect revenue and expenses. Unlike a fixed budget, …
Functional budgets are a type of budget that focus on specific functional areas of a business, such as sales, production, marketing, and finance. These budgets …
In budgeting and financial management, variance refers to the difference between actual results and the budgeted or expected results. It is a measure of how …
Performance budgeting is a budgeting method that focuses on the outcomes or results that an organization aims to achieve with its budget. Unlike traditional budgeting …
Zero-based budgeting (ZBB) is a management technique that involves creating a budget from scratch every fiscal year. Unlike traditional budgeting, where previous year’s budget is …
The cash flow statement is a financial statement that provides information about the cash inflows and outflows of a company during a specific period. It …
Common size financial statements, also known as vertical analysis, are a type of financial statement that expresses each financial item as a percentage of a …
Comparative financial statements are a type of financial statement that shows the changes in an organization’s financial position over a specific period. These statements compare …
Financial Accounting Financial accounting is a branch of accounting that deals with the preparation and presentation of financial statements for external users, such as investors, …