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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
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    By Ilias G. Basioudis

  • How the BBC Reshaped Its Finance Function

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  • The Objectives of Corporate Planning and Budgeting

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    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

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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.

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