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Question
__________ is updated continuously by adding a further period (a month/quarter) and deducting a corresponding earlier period.
__________ is updated continuously by adding a further period (a month/quarter) and deducting a corresponding earlier period.
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Solution
The correct option is D Both A and B
A rolling budget is continuously updated to add to new budget period as the most recent budget period is completed. The rolling budget involves the incremental extension of the existing budget. By this, business always has a budget that extends one year in to the future. Continuous budgeting is the process of continually adding one more month to the end of a multi-period budget as each month goes by. This approach has the advantage of having someone constantly attend to the budget model and revise budget assumptions for the last incremental period of the budget.
An annual budget is a plan for a company's projected expenditures over the course of a year.
A rolling budget is continuously updated to add to new budget period as the most recent budget period is completed. The rolling budget involves the incremental extension of the existing budget. By this, business always has a budget that extends one year in to the future.
Continuous budgeting is the process of continually adding one more month to the end of a multi-period budget as each month goes by. This approach has the advantage of having someone constantly attend to the budget model and revise budget assumptions for the last incremental period of the budget.
An annual budget is a plan for a company's projected expenditures over the course of a year.
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