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budgeting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › budgeting

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • February 21, 2014 at 2:21 pm #159715
    zeeshan zafar
    Member
    • Topics: 6
    • Replies: 4
    • ☆

    What is the difference between projection, budget and feasibility?

    February 21, 2014 at 5:02 pm #159734
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54790
    • ☆☆☆☆☆

    A projection is a forecast

    A budget is a plan

    Feasibility is completely different – if something is feasible it means it is possible.

    February 24, 2014 at 6:11 am #159914
    zeeshan zafar
    Member
    • Topics: 6
    • Replies: 4
    • ☆

    Sir
    what is difference between projection and forecast?

    February 24, 2014 at 6:33 am #159916
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54790
    • ☆☆☆☆☆

    But I wrote above that a projection is a forecast – they mean the same.

    A projection is a forecast based on the past (for example is sales had increased by 10000 every year in the past, then you might forecast that they would increase by 10000 next year as well).

    However your forecast could be affected by other things such as how well or badly you think the economy might perform next year.

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