Skip to ContentGo to accessibility pageKeyboard shortcuts menu
OpenStax Logo

quantitative plan estimating when and how much cash or other resources will be received and how the cash or other resources will be used
budgeted balance sheet
estimated assets, liabilities, and equities that the company would have at the end of the year if their performance were to meet its expectations
budgeted income statement
statement similar to a traditional income statement except it contains budgeted data
capital asset budget
budget showing the organization’s plans to invest in long-term assets
cash budget
combined budget of all cash inflows and outflows of the organization
cash collections schedule
schedule showing when cash will be received from customers
cash payments schedule
schedule showing when cash will be used to pay for direct material purchases
direct labor budget
budget based on the production budget used to ensure the proper amount of staff is available for production and that there is money available to pay for the labor
direct materials budget
budget combining the production budget with the direct material per unit to ensure the proper quantity of direct materials is available when needed for production
financial budget
category of budgeting that details estimates for cash inflows and outflows through planned operations and changes capital investments of assets, liabilities, and equities
flexible budget
budget based on different levels of activity
manufacturing overhead budget
budget including the remainder of the production costs not covered by the direct materials and direct labor budgets
master budget
overall budget that includes the operating and financial budgets
operating budget
category of budgeting that helps managers plan and manage production, order materials, schedule direct labor, and monitor overhead expenses
production budget
budget showing the number of units that need to be produced for each period based on sales estimates and required inventory levels
rolling budget
budget that is continuously updated by adding an additional budget period at the end of the current budget period
sales budget
budget showing the expected sales in units and the sales price for the budget period
selling and administrative expense budget
budget showing the variable and fixed expenses estimated to be incurred in all areas other than production
static budget
budget prepared for a single level of activity for a given period
zero-based budgeting
budget that begins with zero dollars and then includes in the budget only revenue and expenses that can be supported or justified
Order a print copy

As an Amazon Associate we earn from qualifying purchases.


This book may not be used in the training of large language models or otherwise be ingested into large language models or generative AI offerings without OpenStax's permission.

Want to cite, share, or modify this book? This book uses the Creative Commons Attribution-NonCommercial-ShareAlike License and you must attribute OpenStax.

Attribution information
  • If you are redistributing all or part of this book in a print format, then you must include on every physical page the following attribution:
    Access for free at
  • If you are redistributing all or part of this book in a digital format, then you must include on every digital page view the following attribution:
    Access for free at
Citation information

© Dec 13, 2023 OpenStax. Textbook content produced by OpenStax is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike License . The OpenStax name, OpenStax logo, OpenStax book covers, OpenStax CNX name, and OpenStax CNX logo are not subject to the Creative Commons license and may not be reproduced without the prior and express written consent of Rice University.