What is the difference between Target and Budget?
Answers were Sorted based on User's Feedback
Answer / denise bonnelle
A Budget is a forecast and targets are milestones which assist the organisation in determining whether they are on track in with the budget.
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / r m panicker
1Budgets are the monies available at your disposal, where
as Target is a subset of Budget with an element of savings
built in it when we talk in terms of cost.
2.Cost/Expense targets are always less than the Budget.
3.When it comes to Revenue, Targets can be equal to Budget
or more than the Budget, at times it can be less than the
Budget if the current market conditions are not favourable
when compared to Historicals.
Is This Answer Correct ? | 4 Yes | 9 No |
Dear sir, presently iam working in manufacturing industry as an account that is ( cement industry) may i expect good work here or not?
Explain me what do you think is bank reconciliation statement?
How you will treat purchase of phones & software CD's in Tally. what are the heads for both.
Explain me the term material facts in accounting?
Ours is a technology firm. We got a contract of 1 lac. It is payable at the end of the contract. How you will recognize revenue?
what are the types of option contract?
WHAT DOES MEAN BY RECONCILLATION EXCESS/SHORTAGE
What id The Differed Tax Liablity
could i know how to accounting lease intrest ?
Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.
what is journal entry for the credit sales and purchases
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT