what does the accounting term "unified budget" mean?

3 Answers

  • 1 decade ago
    Favorite 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.

  • 1 decade ago

    a comprehensive budget from multiple sources; e.g., marketing, production, admin, etc.

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