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Financial Terms | |
Budget cycle |
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Definition of Budget cycleBudget cycleThe annual period over which budgets are prepared.
Related Terms:Activity-based budgetingA method of budgeting that develops budgets based on expected activities and cost drivers – see also activity-based costing. activity-based budgeting (ABB)planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and Balanced-Budget MultiplierThe multiplier associated with a change in government spending financed by an equal change in taxes. BudgetA detailed schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget. BudgetA plan expressed in monetary terms covering a future period of time and based on a defined budgeta financial plan for the future based on a single level BudgetA set of interlinked plans that quantitatively describe a company’s projected ![]() Budget deficitThe amount by which government spending exceeds government revenues. Budget DeficitThe excess of government spending over tax receipts. budget manuala detailed set of documents that provides information budget slackan intentional underestimation of revenues budget variancethe difference between total actual overhead Budgetary controlThe process of ensuring that actual financial results are in line with targets – see variance budgeted costa planned expenditure budgetingthe process of formalizing plans and committing Business cycleRepetitive cycles of economic expansion and recession. ![]() Business CycleFluctuations of GDP around its long-run trend, consisting of recession, trough, expansion, and peak. Capital budgetA firm's set of planned capital expenditures. capital budgetmanagement’s plan for investments in longterm capital budgetList of planned investment projects. Capital budgetingThe process of choosing the firm's long-term capital assets. capital budgetingRefers generally to analysis procedures for ranking Capital BudgetingThe process of ranking and selecting investment alternatives and capital budgetinga process of evaluating an entity’s proposed Capital budgetingThe series of steps one follows when justifying the decision to purchase capital budgeting decisionDecision as to which real assets the firm should acquire. Cash budgetA forecasted summary of a firm's expected cash inflows and cash outflows as well as its Cash conversion cycleThe length of time between a firm's purchase of inventory and the receipt of cash cash conversion cyclePeriod between firm’s payment for materials Cash cycleIn general, the time between cash disbursement and cash collection. In net working capital Cash CycleThe length of time between a purchase of materials and collection of accounts receivable generated by the sale of the products made from the materials. Consolidated Omnibus Budget Reconciliation Act (COBRA)A federal Act continuous budgetinga process in which there is a rolling Cycle countingThe frequent, scheduled counting of a subset of all inventories, cycle timethe time between the placement of an order to Expiration cycleAn expiration cycle relates to the dates on which options on a particular security expire. A financial budgeta plan that aggregates monetary details Flexible budgetA method of budgetary control that flexes, i.e. adjusts the original budget by applying standard flexible budgeta presentation of multiple budgets that imposed budgeta budget developed by top management Incremental budgetA budget that takes the previous year as a base and adds (or deducts) a percentage to arrive at life cycle costingthe accumulation of costs for activities that Lifecycle costingAn approach to costing that estimates and accumulates the costs of a product/service over manufacturing cycle efficiency (MCE)a ratio resulting from dividing the actual production time by total lead time; Market cycleThe period between the 2 latest highs or lows of the S&P 500, showing net performance of a master budgetthe comprehensive set of all budgetary schedules operating budgeta budget expressed in both units and dollars Operating cycleThe average time intervening between the acquisition of materials or services and the final participatory budgeta budget that has been developed Payroll CycleThe period of service for which a company compensates its employees. Planning, programming and budgeting system (PPBS)A method of budgeting in which budgets are allocated to projects or programmes rather than to responsibility centres. Political Business CycleA business cycle caused by policies undertaken to help a government be re-elected. Priority-based budgetA budget that allocates funds in line with strategies. Product cycleThe time it takes to bring new and/or improved products to market. product life cyclea model depicting the stages through program budgetingan approach to budgeting that relates Real Business Cycle TheoryBelief that business cycles arise from real shocks to the economy, such as technology advances and natural resource discoveries, and have little to do with monetary policy. Replacement cycleThe frequency with which an asset is replaced by an equivalent asset. rolling budgetsee continuous budgeting Rolling budgetsA method of budgeting in which as each month passes, an additional budget month is added such that there is always a 12-month budget. zero-base budgetinga comprehensive budgeting process Zero-based budgetingA method of budgeting that ignores historical budgetary allocations and identifies the costs that are necessary to implement agreed strategies. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |