what does the accounting term "unified budget" mean?
- 1 decade agoFavorite Answer
In layman's term, first the meaning of budget: is a plan in monetary terms. Second, the meaning of unified: the act of making many similar activities into one.
A unified budget, therefore, in a business sense; is a summary of all the budgets coming from various departments of a business organization. The departmental budgets prepared for production, finance, marketing, etc., are put together in one document for easier appreciation, interpretation and analysis.Source(s): Purely from personal thoughts.
- 1 decade ago
A budget that was approved by a committee.
- Scott KLv 71 decade ago
a comprehensive budget from multiple sources; e.g., marketing, production, admin, etc.