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Find Terms by Topic: Budgeting Systems

Budgetary Control

Definition:
The control or management of a governmental unit in accordance with an approved budget for the purpose of keeping expenditures within the limitations of available appropriations and available revenues.
Context:
Business Functions

Budgeting

Definition:
A plan of financial operation embodying an estimate of proposed expenditures for a given period of time or purpose and the proposed means of financing them.
Context:
Business Functions

Performance Budgeting

Definition:

The act of considering and making funding choices based on desired outcomes. Performance budgeting focuses on the results to be gained through investment decisions.

Context:
Business Functions