Budgeting Must Be Flexible and Auditable

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(Beyond) Budgeting > Forum > Budgeting Must Be Flexible and Auditable

Budgeting Must Be Flexible and Auditable
Lesley Govender, South Africa, Member
Just like a strategy, a budget needs to be flexible to change with limits and confines for the reason for existence of any agency. On the other hand it must still be subject to audit and monitoring & evaluation to check the alignment in making the strategy alive. (...) Read more? Sign up for free

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  Budgeting Must Be Flexible
michael walsh, Member
  Lesley's first sentence seems to be garbled.. What does this bit mean?...". For the reason for existence of any agency.

   
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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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