Lump Sum Budgeting with a Cushion

(Beyond) Budgeting
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(Beyond) Budgeting > Best Practices > Lump Sum Budgeting with a Cushion

Lump Sum Budgeting with a Cushion
Salma Mumtaz, Pakistan, Member
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. (...) Read more? Sign up for free

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(Beyond) Budgeting
Summary
Forum
Budgeting Must Be Flexible and Auditable
Add Rolling Quarterly Forecasts to Traditional Budgeting Process
🔥Rolling Forecast in Beyond Budgeting
Best Practices
🥇Weaknesses of Traditional Budgeting
🥈Financial Measure / Budgeting is no Longer Dominant
🥉Budgeting for Guidance, not for Control
'Beyond' Budgeting -- Call it Whatever, It's Necessary
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
Why Budgeting and Sound Financial Practices are Crucial
Lump Sum Budgeting with a Cushion


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