Rolling Budget

PAMDILL

I can't find anything in my Kaplan study text about rolling budgets. I sawthem mentioned in the Chief assessor's report on December exams.

I wondered if anyone can confirm what they are, I think it means that you assess the budget at set intervals and adjust for current figures based on actuals for the current period compared to budget figures.

Thanks in advance

Paul24

Basically it is a budget that always forecasts twelve months (or any other set period) ahead. So it isnt just for a calendar or financial year.

Paul.

PAMDILL

Paul24 wrote: »

Basically it is a budget that always forecasts twelve months (or any other set period) ahead. So it isnt just for a calendar or financial year.

Paul.

If it always forecast 12 months then do you adjust it at the end of each month to account for the actuals of the month you have just finished and add a 12th month back on at the end?

taskey

if you pm your fax number, i can fax you through a copy of my bpp book if that is ny help.

Tracy

PAMDILL

taskey wrote: »

if you pm your fax number, i can fax you through a copy of my bpp book if that is ny help.

Tracy

Just doing that - ta!