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A budget is a plan of revenue and expense, and assets and liabilities for an organizaiton over a period of time. Usually budgets are prepared annually.
A '''budget''' is a plan of [[revenue]] and expense, and assets and liabilities for an organizaiton over a period of time. Usually budgets are prepared annually.
The budget of a corporation will be the summation of many budgets, each one prepared by a subisidary, division, department or group within the corporation. Each individual budget must be approved as it moves up the line and is consolidated with other budgets.
The budget of a corporation will be the summation of many budgets, each one prepared by a subisidary, division, department or group within the corporation. Each individual budget must be approved as it moves up the line and is consolidated with other budgets.