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Types of budgets
short answer
7
Finance
Post-Graduate
05/03/2011

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Term
formula budget
Definition
budgeting system that relies on the use of specified criteria in allocating resources
Term
Incremental Budget
Definition
budgeting system that relies on the use of specified criteria in allocating resources.
Term
Initiative budgeting
Definition
budgeting system that requires units to return a portion of their budgets for the purposes of funding new initiatives.
Term
Performance based
Definition
budgeting system that allocates resources premised on attainment of performance measurements.
Term
planning,programming, and buget system (PPBS)
Definition
budgeting system premised on tightly integrating strategic planning, budgeting, and assessment
Term
RESPONSIBILITY CENTER BUDGETING
Definition
BUDGETNG SYSTEM THAT ER REVENUE OR COST SEES UNITS AS EITHER REVENUE OR COST CENTERS AND LOCATES RESPONSIBILITY FOR UNIT BUDGET PERFORMANCE AT THE LOCAL LEVEL.
Term
Zero-based budgeting
Definition
budget system in which each item in the budget must be justified at the time the budget is developed
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