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Budgeting

Forums › Ask CIMA Tutor Forums › Ask CIMA P1 Tutor Forums › Budgeting

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Cath.
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  • November 27, 2017 at 1:30 pm #418411
    tholoanaseetane
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    Can I humbly ask for the difference between forecasting and budgeting?

    December 3, 2017 at 5:02 pm #419981
    Cath
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    Hi yes of course- they are similar in that they are focused on the future. However, a budget is a plan (where the business wants to be & how to get there) whereas a forecast indicates where the business is actually heading.

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