BUDGET CONTROL Definition

Bookmark and Share

BUDGET CONTROL is actions carried out according to a budget plan. Through the use of a budget as a standard, an organization ensures that managers are implementing its plans and objectives. Their actual performance is measured against budgeted performance.

Learn new Accounting Terms

STABILIZED INCOME is the projected planned revenue that is subject to change but represents the best annualized estimate of consistent income.

OUT-OF-P0CKET are expenses requiring an outlay of cash in a given time period, e.g., payroll, advertising and other operating expenses, but not depreciation.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.