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Budgeting

Type of budget Suitability Advantages

Rolling – the  Fast moving  Budgeting and control
budget is kept organisation should be more
continuously up to accurate
date by adding  New business
another  Managers take
accounting period  Any organisation that budgeting process
(e.g. month/ needs cost control more seriously
quarter) when the
earliest accounting
period has expired

Illustrations and further practice

Now TYU 4, 5, 6 and 7 from Chapter 8 as well as Illustration 1 ‘Rolling budgets’.

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