XI.+Module+9000+Vocabulary

=XI. Module 9000 Vocabulary ldm=


 * 1. Capital expenditures budget** - a detailed financial plan for acquiring capital assets over a period of time.


 * 2. Cash budget** – detailed financial plan which summarizes all estimated cash inflows and cash outflows over a stated period of time.


 * 3. Budgeted balance sheet** – details the expected financial events and financial position of the company for the upcoming year.


 * 4.** **Incremental approach** – a method of creating budgets which uses last year’s numbers, adjusted for inflation and inefficiencies from the previous year, to create the budget for the current year.


 * 5.** **Static budget** – a budget created based on a single level of activity, usually derived from last year’s numbers.


 * 6. Zero-base budgeting** – a method of creating budgets in which all expenditures must be justified each year. Previous year’s budgets are not considered as a starting base for creating the budget.

**References:** 1. Hansen, D.R., & Mowen, M.M. (2011). //Cornerstones of Cost Accounting.// Mason, OH: South-Western, Cengage Learning. 2. Web Finance, Inc. (2011). Retrieved June 29, 2011 from [|www.businessdictionary.com].