Anil (1638 Points)
24 July 2008Why is it that the future plan given to banks for raising loan are called as projections while the future plan the company has for itself is called budget?
What is the difference between projection and budget? 
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 24 July 2008
Projections are what you think is most likely to happen, while budget is what you would like to have as actuals
Shaik Ahmed Hussain
(Auditor)
(46 Points)
Replied 29 July 2008
Projections are Extrapolation from the past data. It will more or less match your requirement. whereas Budgets are your Expectation on the future.
CAclubindia
