Budgeting and Forecasting in Today’s Rocky Economic Climate

by

Recent research conducted by the Beyond Budget Round Table, an international organization dedicated to improving the financial planning process, found that more than two-thirds of corporate budgets are irrelevant before the end of the first quarter!  Because budgets are based on assumptions and forecasts, the reliable and relevant of budgets are even more difficult than usual.

In this article, the Journal of Accountancy shares some practical information to help you prepare an accurate and relevant budget.  With all of the uncertainty that exists today, a good plan is more difficult, but more important that ever!

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