Budget
Budget
Budget (pronunciation: /ˈbʌdʒɪt/) is a financial plan for a defined period, often one year. It may also include planned sales volumes and revenues, resource quantities, costs and expenses, assets, liabilities and cash flows.
Etymology
The term budget is derived from the Old French word bougette, which means "little bag". In the early 18th century, the term was used in a financial context to refer to a statement of expected revenue and expenditure for a certain period.
Related Terms
- Financial Planning: The process of estimating the capital required and determining its competition.
- Revenue: The total amount of income generated by the sale of goods or services related to the company's primary operations.
- Expenditure: The amount of money that a company spends to buy goods or services.
- Assets: A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
- Liabilities: The company's debts or obligations that arise during the course of business operations.
- Cash Flow: The net amount of cash and cash-equivalents being transferred into and out of a business.
See Also
External links
- Medical encyclopedia article on Budget
- Wikipedia's article - Budget
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