Mention and explain the types of changes that takes place when you are preparing a partial budget?

1. Revenue changes: When preparing a partial budget, changes in revenue sources need to be considered. This could include changes in prices for products or services, changes in sales volume, or the addition of new revenue streams.

2. Cost changes: Changes in costs are also important to consider when preparing a partial budget. This could include changes in input costs, labor costs, or overhead expenses. It is important to accurately estimate these changes to determine their impact on the overall budget.

3. Investment changes: If there are any new investments or changes in existing investments, these need to be factored into the partial budget. This could include investments in new equipment, technology, or infrastructure that will impact the financials of the business.

4. Operational changes: Changes in operational processes or strategies can also impact the budget. This could include changes in production methods, marketing strategies, or distribution channels. It is important to consider how these changes will affect the financials of the business.

5. External factors: External factors such as changes in regulations, market conditions, or competition can also impact the partial budget. It is important to consider these external factors and how they may influence the financials of the business.