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Can you explain the term rolling budgets?

Accounting Financial Management Costing
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2016/03/12
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Mohammad Furqan Shaikh
by Mohammad Furqan Shaikh , Finance Assistant , Creative Associates International

A rolling budget is continually updated to add a new budget period as the most recent budget period is completed. Thus, the rolling budgetinvolves the incremental extension of the existing budget model. By doing so, a business always has a budget that extends one year into the future.

Fathi Matbaq
by Fathi Matbaq , Senior Purchasing Officer , Alghanim Industries

A rolling budget is also known as a continuous budget. Rolling budgets project a continual look into the future and are updated frequently, most often monthly.

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