Flexible budgeting and SDG 8: Difference between pages

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A comparison of budgeted costs at the budgeted activity level with actual costs at the actual activity level is meaningless if there is a significant difference between budgeted and actual activity levels.  
''Sustainability - United Nations - Sustainable Development Goals.''


If actual costs are dramatically higher than budget, it does not necessarily mean that costs are out of control, if sales levels are dramatically higher than planned.
Abbreviation for the UN's Sustainable Development Goal 8,  


Actual fixed costs should be the same as budgeted, regardless of changes in sales levels – only the variable costs should change.
"Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all".


It is essential that actual costs and revenues are compared with planned amounts.


However, to make the comparison meaningful, it is essential to adjust the variable cost element of the budget to reflect the actual activity levels.
== See also ==
* [[SDG 1]]
* [[SDG 2]]
* [[SDG 3]]
* [[SDG 4]]
* [[SDG 5]]
* [[SDG 6]]
* [[SDG 7]]
* [[SDG 9]]
* [[SDG 10]]
* [[SDG 11]]
* [[SDG 12]]
* [[SDG 13]]
* [[SDG 14]]
* [[SDG 15]]
* [[SDG 16]]
* [[SDG 17]]
* [[Sustainability]]
* [[Sustainability Accounting Standards Board]]
* [[Sustainable Development Goals]]
* [[United Nations]]
* [[United Nations Department of Economic and Social Affairs]]
* [[United Nations Global Compact]]
* [[World Business Council for Sustainable Development]]


This process is referred to as ‘flexing the budget’.


==External link==
[https://sdgs.un.org/goals/goal5 United Nations Sustainable Development Goal 8]


== See also ==
[[Category:Accounting,_tax_and_regulation]]
* [[Fixed cost]]
* [[Variable cost]]
* [[Variance]]
* [[Zero based budgeting]]
 
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]

Revision as of 13:33, 6 October 2021

Sustainability - United Nations - Sustainable Development Goals.

Abbreviation for the UN's Sustainable Development Goal 8,

"Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all".


See also


External link

United Nations Sustainable Development Goal 8

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