D
D.Salman
Dear All,
What are the input and output of the general budget process?
Many thanks in advance
What are the input and output of the general budget process?
Many thanks in advance
Inputs are:
- activities needing to be carried out (both on-going and special projects)
- resources required to carry them out
- estimated costs for the resources
- specified time period for which budget is to be developed
- last year's budget results (used to ID areas where budget wasn't accurate so one can improve budgeting process this year)
No wanting to be argumentative, but according to who? Do you have some reference to qualify this list or is it conjecture?
From my understanding, as weak as it is, the budget process is put most simply as "What you need and what you get". Resource needs and resource distribution. The variables in inputs and possibly output are determined by the organization and could be limitless.