FLEXIBLE BUDGET Definition

Bookmark and Share

FLEXIBLE BUDGET is based upon different levels of activity. It is a very useful tool for comparing actual costs experienced to the cost allowable for the activity level achieved, i.e. it is dynamic in nature as compared to static. A series of budgets can be readily developed to fit any activity level. Flexible budgeting distinguishes between fixed and variable cost, thereby allowing for a budget that can be automatically adjusted to the level of activity actually attained.

Learn new Accounting Terms

NGULTRUM is a currency of Bhutan.

MIL (MILS) is a currency of Cyprus.

Suggest a Term

Enter Search Term

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