Lump Sum Budgeting with a Cushion




(Beyond) Budgeting
Knowledge Center

Translate

Forum
2
Salma Mumtaz
Pakistan

Lump Sum Budgeting with a Cushion

Business environments are becoming less predictive and adherence to customary exercise of traditional annual budgeting has become less relevant in such an environment.
It may be more appropriate to allocate lump sum amounts with a cushion for emergencies which may be reviewed every quarter.

   

More on (Beyond) Budgeting:
Summary
DIscussion Topics
Weaknesses of Traditional Budgeting
Budgeting Must Be Flexible and Auditable
Financial Measure / Budgeting is no Longer Dominant
Budgeting for Guidance, not for Control
'Beyond' Budgeting -- Call it Whatever, It's Necessary
Add Rolling Quarterly Forecasts to Traditional Budgeting Process
Budgeting Has Become the End Instead of a Tool to an End
Budgeting is the Essence of Good Management
Budgets Should Facilitate Communication, Collaboration, Cooperation, and Coordination
Can we Use Beyond Budgeting in Entrepreneurial Companies?
What is a Budget? Definition
Budgeting in Uncertain Business Climate
Budgeting Must Be Integrated in Strategic Process
Rolling Forecast in Beyond Budgeting
🔥Value Based Budgeting
Why Budgeting and Sound Financial Practices are Crucial
👀Lump Sum Budgeting with a Cushion
Special Interest Group

Do you know a lot about (Beyond) Budgeting? Become our SIG Leader

(Beyond) Budgeting
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2023 12manage - The Executive Fast Track. V16.0 - Last updated: 30-1-2023. All names of their owners.