Asked by Madison Brewer on May 21, 2024
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A continuous or perpetual budget is a 12-month budget that rolls forward one month (or quarter) as the current month (or quarter) is completed.
Continuous Budget
A rolling budget for a 12-month period where the budget moves forward one month (or another period) as the current month (or period) is completed.
Perpetual Budget
A continuously updated budget that adjusts and rolls over to subsequent periods as the financial year progresses.
Rolls Forward
A term used in accounting to describe the process of moving figures from one period to the next, often related to budgets or forecasts.
- Comprehend the process and importance of cash budgeting.
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Learning Objectives
- Comprehend the process and importance of cash budgeting.
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