216886
Descrição
Mapa Mental por Shahid Musthafa, atualizado more than 1 year ago
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Criado por Shahid Musthafa
aproximadamente 11 anos atrás
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Enter text here
- A rolling budget is usually prepared on annual basis but divided into
controlling accounting periods as on monthly or quarterly basis it is kept
and revised on a continuos basis by adding a future accounting period's
budget to replace a budget for an accounting period that has expired .
- The planning process repeated at the end of each control period
- The planning process repeated at the end of each control period
- Suitable if
- accurate forecasts cannot
be made. For example, in a
fast moving & competitive
environment.
- or for any area of
business that needs
tight control.
- accurate forecasts cannot
be made. For example, in a
fast moving & competitive
environment.
- Advantages
- suitable for a competitive environment
- Up to date budgetary system
- very low level of uncertainty
- so a accurate budget will be produced at the end
- so a accurate budget will be produced at the end
- suitable for a competitive environment
- Disadvantages
- its costly and time consuming
- May demotivate employees if
- they feel that
they spend a
large proportion
of their time
budgeting
- if they feel that the
budgetary targets are
constantly changing
- they feel that
they spend a
large proportion
of their time
budgeting
- An increase in
budgeting work
may lead to less
control of the
actual results
- its costly and time consuming
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