The total of separate budgets from different departments within a company that shows in detail how the entire business operates is called master budget.
As the business year progress, management can use the budget as a control device that permits monitoring of the company’s operations.
Exercise 1. Give the English for:
успіх компанії, встановлювати довгострокові цілі, процес складання бюджету, встановлений строк, прибуток, прогноз, найважливіша задача, бюджетний рік, головний бюджет, використовувати бюджет як контрольний засіб, контролювати роботу компанії, виробничий план, бюджетний період.
Exercise 2. Match words from list A with words from list B that have a similar meaning:
A B
operate sum
goal main
progress expect
achieve definite
systematic reach
fixed regular
anticipate allow
primary objective
permit function
total develop
Exercise 3. Study the following words:
ad budget, annual budget, approved budget, consumer budget, current budget, deficit-free budget, household budget, low budget, master budget, operating budget, overall budget, surplus budget.
Exercise 4. Choose the necessary word and put it in the sentence:
operation, objective, forecast, control device, management, master budget, the fiscal year, budget;
1. a plan of expected income and expenditure for a particular period of time;
2. the total of separate budgets from different departments within a company;
3. a standard plan for the performance of a business by which its operations may be measured and regulated;
4. a statement about what one thinks will happen in the future;
5. related to a 12-month period of business activity;
6. the people who control a company;
7. an aim or target;
8. the main internal workings of business.