What is the difference between Target and Budget?

Answers were Sorted based on User's Feedback



What is the difference between Target and Budget?..

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

What is the difference between Target and Budget?..

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

Post New Answer

More Accounting General Interview Questions

what is the difference between an A/C Payee cheque and a bearer cheque?

1 Answers  


What is SOX?

2 Answers   Accenture,


Dear sir we are running a export enterprises and we are marchent and exporter we purchaige the goods from mahahrashtra /gujrat and many indian stats our iec cod is issue from varanasi and our firam is registerd from azamgarh utter pardesh kindly advise me can i purchige the goods from gujrat and send direct to port or shude we inter the goods in utter pardesh then we sent to port i m asking this question because our salse department is not issue form H kindly give me advise i m waiting for your for reply thanks and regards e mail id: burque786azm@yahoo.com javed

1 Answers  


Tell me how can you define departmental accounting?

0 Answers  


what is the difference between journal entry and journal voucher

3 Answers  






how to pass the entry of advance paid to employee against salary

2 Answers   Concor,


variable cost are fixed: 1) for a period 2) per unit 3) depend upon the entity 4) for a particular process of production

2 Answers  


Please advise how to calculate net asset....

0 Answers   Ford,


What knowledge should financial accountant have?

0 Answers  


what is the journal entry for : cheque received from Mr A and sent for collection.

1 Answers  


Explain under what type of account does the unearned revenues fall?

0 Answers  


what is private equity?

5 Answers  


Categories