meaning A budget (from old French bougette‚ purse) is a financial plan and a list of all planned expenses and revenues. It is a plan for saving‚ borrowing and spending.[1] A budget is an important concept in microeconomics‚ which uses a budget line to illustrate the trade-offs between two or more goods. In other terms‚ a budget is an organizational plan stated in monetary terms. In summary‚ the purpose of budgeting is to: 1. Provide a forecast of revenues and expenditures‚ that is‚ construct
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KEY TO BUDGET DOCUMENTS BUDGET 2013-2014 1. The Budget documents presented to Parliament comprise‚ besides the Finance Minister’s Budget Speech‚ the following: A. Annual Financial Statement (AFS) B. Demands for Grants (DG) C. Appropriation Bill D. Finance Bill E. Memorandum Explaining the Provisions in the Finance Bill‚ 2013 F. Macro-economic framework for the relevant financial year G. Fiscal Policy Strategy Statement for the financial year H. Medium Term Fiscal Policy Statement I. Medium Term Expenditure
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Budget The Budget is prepared by the ministry of Finance ant the union budget is presented by the Finance Minister. Our constitution has made it compulsory that every year The Budget is presented before the Parliament . The overall responsibility of preparing the budget lies with the Ministry of Finance. Various departments of this ministry work for several months to prepare the budget. Each department has a specific responsibility. The departments are: Department of Expenditure‚ Department
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Budget Definition: An estimate of costs‚ revenues‚ and resources over a specified period‚ reflecting a reading of future financial conditions and goals. One of the most important administrative tools‚ a budget serves also as a (1) plan of action for achieving quantified objectives‚ (2) standard for measuring performance‚ and (3) device for coping with foreseeable adverse situation. What is a budget and why is it important? Simply put‚ a budget is an itemized summary of likely income and expenses
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John Mullin Audit 5610 Case 6.7 9/25/12 Hamilton Wong‚ In-Charge Accountant 1. If I were placed in Hamilton Wong’s position I would report all of my time worked during the audit of Wille & Lomax. This practice of “eating time” is unethical. While most accounting firms probably feel this type of practice is unacceptable‚ it still happens. If you don’t report all your worked time‚ how does the firm bill their clients properly? What about future audits for the same company? If underreporting
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of the Wong and Zoellner Essays Different essays can have different purposes and audience‚ but that doesn’t mean that they can’t have similarities. Two short essays written for the newspaper by two different writers tell of their personal experience to convey their message. The essays by Wong and Zoellner relate the writer’s personal experiences and have similar genre‚ but have different readers and social and cultural contexts. In The Struggle To Be An All-American Girl‚ Elizabeth Wong writes
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developing a comprehensive annual budget‚ spending heavily for specialty software‚ staff overtime and temporary help for data entry. Perhaps even more costly (but less quantifiable) are the countless hours that senior managers‚ accountants‚ financial analysts and department managers spend to prepare‚ revise and consolidate budgets. • We spend more time creating a budget than analyzing it. • The budget bears little or no relation to our underlying business plan. • After the budget is approved‚ no one looks
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Cultural Perspectives CCM International Journal of 2003 Vol 3(1): 121–144 Cross Cultural Management ‘To Adapt or Not to Adapt’ Exploring the Role of National Culture in HRM – A Study of Pakistan Shaista E. Khilji Carleton University‚ Ontario‚ Canada This study draws out evidence from 11 organizations‚ local as well as multinationals‚ in Pakistan to test the ‘culture-sensitive’ view. A number of conclusions are drawn. First‚ the findings support this view; evidence shows
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DATE : November 9‚ 2012 ATTENTION : MS. AURORA O. ALGODON President/CEO MAHARLIKA TRIBE MONARCH FOUNDATION‚ INC. Carmen‚ Davao City RE : Interim Memorandum of Agreement of Proposed Budget for Radio‚ Newspaper and TV FROM : MR. JOSEPH T. LAGUA Founding Chairman People’s Network and Media Communications ------------------------------------------------- (PNMC) I. COMPANY: Our entity‚ People’s Network and Media Communications (PNMC) is a media organization that
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Wong compared the Princess Barbie she longed for with blond hair‚ a beautiful shiny gown‚ and a shimmery white tiara (Wong 246) with a unfamiliar‚ black-haired "friend" of Barbie as a gift for Christmas (Wong 246). Wong originally found her dull compared to Barbie (Wong 247). As the essay continues‚ Wong realizes that this black-haired doll she disliked actually looked like her‚ while the more "prettier"‚ blond Barbie looked like Wong’s best friend‚ Sarah. This is the point of comparing. (Wong 248)
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