Flexed budget
In accounting, flexed budget means the budget restated at the volume actually achieved, so a variable cost is judged against what it should have been at actual sales. Separates "we sold less" from "each sale cost more".
Also called Flexible budget.
Not a rule. Management-accounting convention — not codified. US GAAP governs recognition, measurement and presentation, not bookkeeping mechanics. Sources
The lesson that teaches this
From the free founder back-office course, taught on one company's books, with exercises to work it yourself.
What it is not called
Each of these means something else. Use one here and an accountant reading the product notices.
- revised budget (a new plan, not a restatement of the old one)
Components that render the terms it depends on
No component names this concept outright, but it's built from terms that components do name. These render budget.
13Metrics & analysis
Family specAlso in Finance & planning
Defined in Lexicon. This page is generated from that document, so the two can't disagree.