PCR Rolling Budgets
rachelrunshaw
Registered Posts: 41 Regular contributor ⭐
Hi there
Does anybody have a good definition of either a computer generated or a rolling budget? In what instance would they be used?
Thanks for any help
Does anybody have a good definition of either a computer generated or a rolling budget? In what instance would they be used?
Thanks for any help
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Comments
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Hi there, I was looking up the same thing about an hour ago (must have been sleeping in class). The rolling budget constantly plans for a specific period of time ahead - ie. if we've just worked out the actual costings for November we would have now finished with that & remove it, but would be adding next Novembers figures onto the budget. It gives a clear view of external factors & seasonal variations affecting the business & is regularly ammended, therefore more meaningful than a fixed budget. Computer generated models can be easily ammended to change proportions of rejects/ overtime/costs etc, & are quick & easy to use. Anything extra would be most helpful!
Andrea.0 -
Hi there, I was looking up the same thing about an hour ago (must have been sleeping in class). The rolling budget constantly plans for a specific period of time ahead - ie. if we've just worked out the actual costings for November we would have now finished with that & remove it, but would be adding next Novembers figures onto the budget. It gives a clear view of external factors & seasonal variations affecting the business & is regularly ammended, therefore more meaningful than a fixed budget. Computer generated models can be easily ammended to change proportions of rejects/ overtime/costs etc, & are quick & easy to use. Anything extra would be most helpful!
Andrea.
Thanks Andrea
Dec 07 model answers say rolling budgets need departmental involvement and are useful in a fast moving environment.Perhaps a target driven industry like sales? Computer generated - non financial data gathered to help speed up the budget process. I guess that could mean how many rejects, how much overtime without adding a value to it. I'm pretty sure if it crops up tomorrow it is going to be getting a suitably vague and woolly answer!!0 -
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Thanks Val, it all helps.
Andrea0
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