Conditional Budgeting

Conditional Budgeting

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Conditional budgeting is a budgeting approach designed for companies with fluctuating income, high fixed costs, or income depending on sunk costs, as well as NPOs and NGOs. The approach builds on the strengths of proven budgeting approaches, leverages the respective advantages for situations of fluctuating incomes, and at the same time reduces possible negative impacts.The core idea of conditional budgeting is to structure income and expenditures according to probabilities and priorities respectively. After the budget is approved, the actual status of the finances is reviewed and analyzed regularly, and if income reaches a certain level (or probability), the corresponding level of expenses is approved.show more

Product details

  • Paperback | 92 pages
  • 152 x 229 x 6mm | 145g
  • Chromo Publishing
  • United States
  • English
  • black & white illustrations
  • 6135877763
  • 9786135877762