Examlex
Define and discuss the global perspective.Why is it important?
Activity-Based Budgeting
A budgeting approach where budgets are developed based on the activities and resources needed to achieve specific goals or outputs.
Benefits of Budgeting
Benefits of budgeting include providing a financial framework for decision making, setting financial targets, and monitoring financial performance against those targets.
Production Budget
A forecast of the units that must be produced to meet anticipated sales, used in planning the required production levels.
Rolling Budget
A financial plan that is continually updated by adding a new period (month, quarter, etc.) as the current period concludes, ensuring the budget extends a constant length into the future.
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