- static budget
- A *budget that provides information for only one level of activity. In contrast to a *flexible budget, a static budget cannot be readily adapted to changes in operational circumstances.
Auditor's dictionary. 2014.
Auditor's dictionary. 2014.
Static Budget — A type of budget that incorporates anticipated values about inputs and outputs that are conceived before the period in question begins. When compared to the actual results that are received after the fact, the numbers from static budgets are… … Investment dictionary
static budget — See: fixed budget … Accounting dictionary
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fixed budget — static budget A budget that does not take into account any circumstances resulting in the actual levels of activity achieved being different from those on which the original budget was based. Consequently, in a fixed budget the budget cost… … Accounting dictionary
flexible budget — A *budget that provides information on various levels of activity. In contrast to a *static budget, a flexible budget is a dynamic management tool that caters for changes in operational circumstances. Its flexibility can simplify *variance… … Auditor's dictionary
fixed budget — An alternative term for *static budget … Auditor's dictionary
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