Activity-Based Budgeting (ABB) is a budgeting method that allocates resources based on activities that incur costs in an organization, primarily used to refine budgeting accuracy and analyze performance.
A comprehensive financial or quantitative statement prepared prior to a specified accounting period, containing the plans and policies to be pursued during that period.
Budgeted Revenue refers to the estimated income that a business anticipates achieving during a specific budget period, as planned and documented in its budget.
A constraint is a circumstance that prevents an organization from achieving higher levels of performance. Constraints typically result from limiting factors such as a shortage of skilled labor, materials, production capacity, or sales volume, and must be eliminated or reduced to improve performance. Constraints are also integral in linear programming problem statements.
The annual UK Act of Parliament that changes the law relating to taxation, implementing the rates of income tax, corporation tax, etc., proposed in the preceding Budget.
An in-depth overview of the financial year, including definitions, examples, related terms, online resources, and suggested reading materials.
In the UK, a statement made by the Chancellor of the Exchequer in October-December that reports on the state of the economy and points forward to the Budget he will unveil in the spring.
