budgetary accounting

Definition

A forward looking type of accounting that is contrary to financial accounting. This type of accounting will measure the planned acquisitions and the use of economic resources in the future.

Use this term in a sentence

You should try and use a budgetary accounting method that will help you to know where you stand at all times.

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Our company CEO insisted that despite the current financial crisis our company faced, his review of budgetary accounting showed that we would do well going forward.

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budgetary accountability budgetary control