The series of slides are on Administrative Budgeting. It talks about the preparation of estimates with probable or proposed activities of all relevant costs comprising different expenses Benefits of Budgeting are also explained in this presentation by Welingkar’s Distance Learning Division. For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SldShrFunctMgmt Join us on Facebook: http://www.facebook.com/welearnindia Follow us on Twitter: https://twitter.com/WeLearnIndia Read our latest blog at: http://welearnindia.wordpress.com Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP

1. Welingkar’s Distance Learning Division
CHAPTER-27
Administrative Budgeting
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2. Welingkar’s Distance Learning Division
Budgeting
• It refers to preparation of estimates with
probable or proposed activities of
Administration Department with all relevant
costs comprising different expenses
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3. Welingkar’s Distance Learning Division
Budget
• It is a financial statement, prepared and
approved prior to a defined period of
time, showing planned income to be generated
and probable expenditure during the referred
period
• It is a management tool of control, and a plan of
future activities that are quantified in monetary
terms, usually for a period of one year
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4. Welingkar’s Distance Learning Division
Sample heads of accounting under
Budgeting
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•
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•
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Purchase of capital equipment
Engaging or renewing contract service/s
Communication expenses
Expansion of any specific activity
Requirement of additional manpower
Such other accounts which may be variable or
semi-variable
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5. Welingkar’s Distance Learning Division
Types of Budget
• Capital Budget
• Revenue Budget
• Contingent Budget
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6. Welingkar’s Distance Learning Division
Benefits on account of Budgeting
• Definite clarity of the activities undertaken in
relation to approved budgetary limits can be
achieved
• Advance planning helps in accomplishing effective
and constructive results
• It helps the head of the departments at the first
place, and subsequently at the corporate level
• It facilitates better and effective communication in
delivering administrative services and activities by
the administration
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