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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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    Best Practice

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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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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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