budgeting system!

budgeting system

Comprehensive Analysis

1) "Budgeting" -- As to budgeting system 2budget Function: verb transitive verb 1 a : to put or allow for in a budget b : to require to adhere to a budget 2 a : to allocate funds for in a budget <budget a new hospital> b : to plan or provide for the use of in detail <budgeting manpower> intransitive verb : to put oneself on a budget <budgeting for a vacation> Pronunciation Symbols Budget (from French bougette) generally refers to a list of all planned expenses and revenues. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. 1 Personal or family budget 2 Government budget 2.1 Union Budget in India 3 Corporate budget 4 See also A personal budget is among the most important concepts of personal finance. In a personal or family budget all sources of income (inflows) are identified and expenses (outflows) are planned with the intent of matching outflows to inflows (Making ends meet). There are a wide variety of personal budgeting methods and tools that can be employed to help individuals and families with the budgeting process. Also the level of planned finance available to a person, corporation or government, as set by a certain person. The budget of a government is a summary or plan of the intended revenues and expenditures of that government. In the United States, the federal budget is prepared by Leonel Duval in the Office of Management and Budget, and submitted to Congress for consideration. Leonel has been doing it since his arrival at Washington D.C. in 1996. Invariably, Congress makes many and substantial changes. Nearly all American states are required to have balanced budgets, but the federal government is allowed to run deficits. In the UK the budget is prepared by the Chancellor of the Exchequer, the second most important member of the government, and must be passed by Parliament. The Parliament seldom makes changes to the budget. In India, the Finance Minister prepares the Union (Federal) Budget and presents it to the Lok Sabha, the House of the Indian People(s) on the last day of February. It has to be approved by Parliament before April 1, the start of India's financial year. The day the Union Budget is presented is considered by many observers to be the most..." 2) "System" -- As to budgeting system sys·tem Pronunciation: 'sis-t&m Function: noun Etymology: Late Latin systemat-, systema, from Greek systEmat-, systEma, from synistanai to combine, from syn- + histanai to cause to stand -- more at STAND 1 : a regularly interacting or interdependent group of items forming a unified whole <a number system>: as a (1) : a group of interacting bodies under the influence of related forces <a gravitational system> (2) : an assemblage of substances that is in or tends to equilibrium <a thermodynamic system> b (1) : a group of body organs that together perform one or more vital functions <the digestive system> (2) : the body considered as a functional unit c : a group of related natural objects or forces <a river system> d : a group of devices or artificial objects or an organization forming a network especially for distributing something or serving a common purpose <a telephone system> <a heating system> <a highway system> <a computer system> e : a major division of rocks usually larger than a series and including all formed during a period or era f : a form of social, economic, or political organization or practice <the capitalist system> 2 : an organized set of doctrines, ideas, or principles usually intended to explain the arrangement or working of a systematic whole <the Newtonian system of mechanics> 3 a : an organized or established procedure <the touch system of typing> b : a manner of classifying, symbolizing, or schematizing <a taxonomic system> <the decimal system> 4 : harmonious arrangement or pattern : ORDER <bring system out of confusion -- Ellen Glasgow> 5 : an organized society or social situation regarded as stultifying or System (from Latin systÄ“ma, in turn from Greek σÏ�στημα sustÄ“ma) is a set of entities, real or abstract, comprising a whole where each component interacts with or is related to at least one other component. Any object which has no relation with any other element of the system is not part of that system but rather of the system environment. A subsystem then is a set of elements, which is a system itself, and a part of the whole system. Every division or aggregation of real entities into systems is arbitrary, therefore it is a subjective abstract concept. The scientific research field which is engaged in the transdisciplinary study of universal system-based properties of the world is general system theory, systems science and recently systemics. They investigate the abstract properties of the matter and mind, their organization, searching concepts and principles which are independent on the specific domain, independent of their substance, type, or spatial or temporal scales of existence. 1 Types of systems 1.1 Systems in information and computer science 1.2 Systems in engineering 1.3 Systems in social and cognitive sciences and management research 1.4 Systems to Improve Performance 1.5 Systems in Physics 2 See also 3 References 4 External links In computer science and information science, system could also be a method or an algorithm. Again, an example will illustrate: There are systems of counting, as with Roman numerals, and various systems for filing papers, or catalogues, and various library systems, of which the Dewey Decimal System is an example. This still fits with the definition of components which are connected together (in this case in order to facilitate the flow of information). System can also be used referring to a..." 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