You can find various definitions of Financial Budgeting in the net.
allbusiness.com defined Financial Budgeting as one that embraces the impacts of the financial decisions of the firm. It is a plan including a budgeted balance sheet , which shows the effects of planned operations and capital investments on assets, liabilities, and equities. It also includes a cash budget , which forecasts the flow of cash and other funds in the business. Cash budgeting (cash planning) is a critical part of budgeting because it is essential to have the right sums of cash available at the right times.
financial-dictionary.thefreedictionary.com defined Financial Budget as a budget is a written record of income and expenses during a specific time frame, typically a year.
All the definitions of the Financial Budget that you can find in the net, all narrow down to one common theme that describes about a company’s future operations, expectations, and cashflow. My definition of Financial Budget is a well organized and written plan of a company’s future operations, expectation and funding activities translated into financial numbers. The Financial Budget takes consideration of a company’s historical performance and uses it as a basis to forecast its future business activities, expectations and undertakings. 
A Financial Budget forms part of a company’s Business Plan. For benefit of readers, who are new to this topic, the Business Plan is a written roadmap that spells out the details of a company’s near future mission, operational objectives, financial objectives and how they will be achieved.
Different companies and different industries have different methodologies of preparing the Financial Budget. A complete Financial Budgeting Spreadsheets, or sometimes refer as a master budget spreadsheets, consists of a Budgeted Profit and Loss Spreadsheet, Budgeted Investment Activities Spreadsheet, Budgeted Financing Activities Spreadsheet and Budgeted Cash Flow Requirement Spreadsheet.
[ad#ad-3]
Stumble Upon
Del.icio.us
Buzz
