1. A quantitative or financial statement that contains the detailed plans and policies to be pursued during that period is known as a .

2. A part of an entity for which budgets are prepared and controlled by a manager is known as a .

3. The process by which financial control is exercised by managers by preparing budgets for revenue and expenditure for each function of the organisation in advance of an accounting period is known as .

4. The continuous comparison of actual performance against the budget is known as .

5. Once all the individual budgets have been set, they are incorporated into a .