Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

How often should budgets be reviewed and revised?

Assume : 1. Economic uncertainty 2. Fair enough communication (minimum two weeks) for revision of budget

user-image
Question ajoutée par Mohammad Ashfaq , Financial Controller , Union COOP
Date de publication: 2013/04/28
Kashif Ashfaque
par Kashif Ashfaque , Manager Financial Planning & Analysis , Al Ajlan Group (Pure Beverage Company)

Every Quarter, keeping in view of the both requirement listed above

Khaled Abdelrehim ACCA DipIFR CMA
par Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

based on the type of budget. for example, sales budget is reviewed more often than the capital budget.

also the change in circumstances

Muhammad Yasir Naseer ACCA CA
par Muhammad Yasir Naseer ACCA CA , Group Finance Manager , Al Doha General Trading LLC

Normally the budget estimates are reviewd priodically with the management accounts as the comparisons give an accurate bench mark for revision. An extra review my be needed if there is a change in the environmental factors.

Utilisateur supprimé
par Utilisateur supprimé

Persoally I reviewed budgets monthly looking for variances, (+/-) seeking answers particularly for overages.  Adjustments are made caustiously.  Depending upon the type of accounting used, monies need to be transfered from somewhere (another fund or line item) so adjustments I made were only considered quarterly.

More Questions Like This