(Drury) The Budgeting Process - The buget period
4 important questions on (Drury) The Budgeting Process - The buget period
What types of perioding budgets are there? (3)
2. 13 four-weekly
3. Continuous or rolling budgeting
What is the downfall of 12 monthly perioding?
What is continuous or rolling budgeting?
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What are the advantages of rolling budgeting? (3)
2. It ensures that planning a continuous process, and managers are encouraged to constantly look ahead and review future plans.
3. Actual performance will be compared with a more realistic target, because budgets are being constantly reviewed and updated.
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