Contents IT Business Management Previous Topic Next Topic Budget forecasts Subscribe Log in to subscribe to topics and get notified when content changes. ... SAVE AS PDF Selected Topic Topic & Subtopics All Topics in Contents Share Budget forecasts Budget forecasts provide a projection of expenses taken from a budget plan. You create a budget forecast by promoting a budget plan. When you do, the application creates a forecast and a read-only copy of the budget plan that the forecast refers to. This allows you to modify the budget plan without changing the forecast. Budget forecast components The budget forecast includes these items. Inherited budget plan values: important values from the plan, including the budget plan key. Overrides: an amount you can specify to override, or replace, the final forecast amount. Budget forecast items: the budget items from the budget plan. Budget forecast breakdowns: A breakdown of the Amount value into monthly units. Promote a budget planAfter you review the budget plan and agree to the numbers, you can promote it to a forecast. The forecast becomes a benchmark for the same fiscal period specified by the plan.Override a budget forecast amountIf you do not want to keep the forecast amount, you can override it with a value of your own.Budget forecast breakdownsThe total cost in a budget forecast is divided into smaller units called breakdowns, which are taken from the budget plan.Related tasksCreate a budget targetImport budget dataRelated conceptsBudget plansForecast planBudget overridesBudget Variance reportBudget actualsCurrencies and budget reference ratesThe budget console On this page Send Feedback Previous Topic Next Topic
Budget forecasts Budget forecasts provide a projection of expenses taken from a budget plan. You create a budget forecast by promoting a budget plan. When you do, the application creates a forecast and a read-only copy of the budget plan that the forecast refers to. This allows you to modify the budget plan without changing the forecast. Budget forecast components The budget forecast includes these items. Inherited budget plan values: important values from the plan, including the budget plan key. Overrides: an amount you can specify to override, or replace, the final forecast amount. Budget forecast items: the budget items from the budget plan. Budget forecast breakdowns: A breakdown of the Amount value into monthly units. Promote a budget planAfter you review the budget plan and agree to the numbers, you can promote it to a forecast. The forecast becomes a benchmark for the same fiscal period specified by the plan.Override a budget forecast amountIf you do not want to keep the forecast amount, you can override it with a value of your own.Budget forecast breakdownsThe total cost in a budget forecast is divided into smaller units called breakdowns, which are taken from the budget plan.Related tasksCreate a budget targetImport budget dataRelated conceptsBudget plansForecast planBudget overridesBudget Variance reportBudget actualsCurrencies and budget reference ratesThe budget console
Budget forecasts Budget forecasts provide a projection of expenses taken from a budget plan. You create a budget forecast by promoting a budget plan. When you do, the application creates a forecast and a read-only copy of the budget plan that the forecast refers to. This allows you to modify the budget plan without changing the forecast. Budget forecast components The budget forecast includes these items. Inherited budget plan values: important values from the plan, including the budget plan key. Overrides: an amount you can specify to override, or replace, the final forecast amount. Budget forecast items: the budget items from the budget plan. Budget forecast breakdowns: A breakdown of the Amount value into monthly units. Promote a budget planAfter you review the budget plan and agree to the numbers, you can promote it to a forecast. The forecast becomes a benchmark for the same fiscal period specified by the plan.Override a budget forecast amountIf you do not want to keep the forecast amount, you can override it with a value of your own.Budget forecast breakdownsThe total cost in a budget forecast is divided into smaller units called breakdowns, which are taken from the budget plan.Related tasksCreate a budget targetImport budget dataRelated conceptsBudget plansForecast planBudget overridesBudget Variance reportBudget actualsCurrencies and budget reference ratesThe budget console
