In budget management, an appropriated expenditure refers to an amount set aside for a specific acquisition or purpose. It ensures that funds are allocated and used in accordance with designated objectives.
An appropriation account pertains to both governmental budgeting and corporate financial statements. It is instrumental in showing how government departments allocate and manage their funds over a financial year, as well as illustrating how profits are distributed in a partnership or a corporation.
A brand manager, also known as a product manager, is responsible for marketing and making key advertising decisions for a specific brand within a company.
A budget expenditure head is a method of analyzing a budget and presenting financial statements under major headings, each of which is managed by a particular manager responsible for overseeing the budgeting and control within their area.
A budget for a future month or quarter, which is added to an organization's budget as the past month or quarter is dropped. The entire period's budget is revised and updated as necessary, prompting management to continuously consider short-range plans.
In standard costing or budgetary control, a controllable variance is a variance regarded as controllable by the manager responsible for that area of an organization. The variance occurs as a result of the difference between the budget cost allowance and the actual cost incurred for the period.
Cost containment is the process of maintaining organizational costs within a specified budget, focusing on restraining expenditures to meet organizational or project financial targets.
The European Court of Auditors (ECA) is the independent body responsible for auditing the accounts of European Union (EU) institutions. Founded in 1977 and obtaining legal status under the Treaty of Maastricht in 1992, the court ensures that EU funds are spent legally and efficiently.
Overshoot refers to the phenomenon where a specified target or goal, such as an economic target, earnings projection, budget, or any predefined metric, is surpassed, often leading to unanticipated consequences.
