Project 4

1. Project 4

1.11. Training Room 3

Project 4: Budgeting

Training Room 3: Budget Analysis

Suggested Time: 80 minutes

Training Room Introduction

This image shows a cartoon picture of a young woman.

In this photo, a forensic investigator examines evidence samples.

budget analysis: comparison of budgeted figures with actual figures

Once a company has established a budget, it will compare the budgeted figures, which are estimates, with the actual transactions and determine where the numbers differ. This comparison is called budget analysis. Examining where these numbers differ allows businesses to determine the value of their budgets and determine why there are differences. For example, were the budget percentages used realistic?