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- Types of budget formats include12:
- Based on budgeting approach: Incremental budgets, Zero-based budgets, Activity-based budgets, Rolling budgets.
- Based on users: Corporate budgets (for businesses) and Personal budgets (for individuals).
- Based on time: Short-term budgets, Intermediate-term budgets, Long-term budgets.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.By budgeting approach, a budget can be categorized into four broad categories:
- Incremental budgets
- Zero-based budgets
- Activity-based budgets
- rolling budgets
www.cfajournal.org/types-budgets/There are five major classifications of budgets, such as:
- Based on Users – A budget created according to the user or use namely the Corporate Budget (business budget) and a Personal Budget (individual budget).
www.efinancialmodels.com/knowledge-base/financ… - People also ask
The Capital Expenditure Budget is a budget listing of allimportant long-term projects to be undertaken and capital to be acquired. Oftenclassifies individual projects by objective such as: 1. Expansion and enhancement of existing productlines 2. Cost reduction and replacement 3. Development of new products 4. … See more
A master budget is the overall financial and operating planfor a period of time in the future. It is usually prepared every year or quarterly. Basically, it is a collection of sub-budgets tied … See more
The financial budget is created to reflect the financialdecisions of the business, which mostly examines the expected assets,liabilities, and … See more
A static budget or also known as the Fixed Budget shows budgetedfigures at the expected capacity level. It is the allocated fixed allowance fora specific purpose. Meaning, it is not adjustable and remains unchanged overthe life of the budget regardless of … See more
The operating budget is created to reflect the results ofoperating decisions, which deals mostly with the costs for merchandise orservices produced. It covers the income statement and is essential to see thebusiness’ financial health. The operating … See more
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