Budgeting vs Forecasting

[amirjaved]

Can anyone different b/w Budgeting and Forecasting and can we drive any type of forecast from budgets?.

[zeeshan.qazi]

Budgeting is a plane express in money; it is prepared b4 budget period & may show income, expenditure & capital to be employed

The identification of factors & quantification of their effect & quantification of their effect on entity as a basis for planning is forecasting


if u have any more question plz feel free to ask me.

Regards
Zeeshan