Summary
In this module you learned about the budget planning processes and how to configure budget planning components listed below.
Budget planning processes - Budget planning processes determine how budget plans can be updated, routed, reviewed, and approved in the budgeting organization hierarchy. A budget planning process is linked to a budget cycle and an organization through a legal entity.
Budget plans - Budget plans contain the budget data for a budget planning process. You can have multiple budget plans that are used for various purposes.
Budget plan scenarios - Budget plan scenarios define categories of data for the budget plans. You can define budget plan scenarios to support monetary and other unit of measure classes, such as quantity.
Budget planning stages - Budget planning stages define the steps that a budget plan follows from its inception to final approval. Budget planning stages are arranged in budget planning workflows.
Budget planning workflows - Budget planning workflows consist of and define budget planning stages. Budget planning workflows are associated with Budgeting workflows. Budgeting workflows are the automated and manual processes that move budget plans through the budget planning stages.