Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of functional budget

Definition of

functional budget

Treasury Management

budget for activity or department a budget of income and/or expenditure applicable to a specific function. A function may refer to a process or a department. Functional budgets frequently include the following: production cost budget (based on a forecast of production and plant utilization); marketing cost budget; sales budget; personnel budget; purchasing budget; and research and development budget.

Related definitions of "functional budget"

functional budget - Related Articles

  • Aligning the Internal Audit Function with Strategic Objectives

    Best Practice

    of a risk occurrence are considered. Another step to be taken after the assessment of risks and the audit plan are completed is the creation of current and longer-term budgets for the internal audit function. Budgets must provide sufficient resources for internal auditors to deliver the developed risk
    By Ilias G. Basioudis

  • How the BBC Reshaped Its Finance Function

    Viewpoints

    of the business is being challenged to find new and innovative ways to reduce its cost base, to create headroom against already pressured budgets, and to actively manage financial risk.
    By Zarin Patel

  • The Objectives of Corporate Planning and Budgeting

    Checklists

    the budgeting cycle, as well as improve both data integrity and security. Corporate planning should also take into account corporate or enterprise objectives, structures, and functions. Results and performance solutions are built into a corporate business structure, to record actual business data based

  • Moving Away from Traditional Budgeting

    Viewpoints

    -making. He has long been fascinated by the challenges associated with deciding how best to deploy limited resources across a range of possible projects and getting people to buy into the outcome—the quintessential budgeting and indeed management problem. He teaches decision science to graduates and undergraduates at the LSE and conducts training courses on decision science and facilitation skills to external organizations
    By Lawrence Phillips

More

Definitions of ’functional budget’ and meaning of ’functional budget’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’functional budget’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top

Related

Most Viewed

Recommended

Latest

Related Blog Posts

More related Blog results

 
QFINANCE www.qfinance.com