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In: Nursing

Compare and contrast revenue budgeting and performance budgeting. Determine which of the two budgets you think...

Compare and contrast revenue budgeting and performance budgeting.

Determine which of the two budgets you think provides more useful information. Explain why.

Solutions

Expert Solution

* Revenue budgeting

             * it is the process of planning of a companies expenditures and revenue from sales and capital

              expenditures.

             * It gives an overview about companies revenue and can prepare plans for organisation growth.

             * it help the management to identify resources and use them efficiently for meet company

   needs.

   * a good revenue budget include details of money which can earn through sell products so

   it give idea about what are the future changes needed to save effort,time and money.

* Perfomance budgeting

              * it is a type of budget that create set of goals and objectives and carefully plan expected

                outcomes.

* it mainly focusing on results

* it maintain an evaluvation process before selecting various plans to improve outcomes.

* it make comparison about perfomance of a programme and budget perfomance.

* In my opinion perfomance budget is more better compared to revenue budget because

* perfomance budget have clear purpose and good methods of evaluvation.

              * it maintain the accountability when planning.

              * criterias in perfomance budgeting improve overall perfomance of organisation.

Nightingale answered 2 years ago
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