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Cultural globalisation has had the important effect of disconnecting citizens from each other's lives while linking people without contiguity.
Rolling Budgets
Budgeting method that continuously updates by adding a new budget period as the current period is completed, ensuring ongoing financial planning.
Budgeted Financial Statements
Financial statements that predict revenues, expenses, and net income based on the budget for a future period.
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period, typically used to assess liquidity and manage cash effectively.
Rolling Budget
A continuously updated budget that extends into the future for a consistent period, as current months pass, new months are added to the budget.
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