Rolling budgeting and forecasting concept: theoretical aspects
Abstract
Nowadays traditional budgeting methods are losing their relevance. They are being replaced by more flexible, adaptive budgeting schemes to enhance effectiveness of the management decisions. The authors consider rolling budgeting to be the most wanted management tool in the context of growing instability and increasing competition on the world stage. Rolling budgeting is being considered in collaboration with rolling forecasts as a part of strategic adaptive management accounting. Rolling budgets and forecasts are particularly relevant for companies that revise budgets and forecasts on an ongoing basis. The authors have identified the main stages of the rolling budgeting development and have presented the positions of the world’s leading scientists in management accounting and controlling.
About the Authors
A. .. Sokolov
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
L. .. Zakieva
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
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Review
For citations:
Sokolov A..., Zakieva L... Rolling budgeting and forecasting concept: theoretical aspects. Siberian Financial School. 2019;(5):74-77. (In Russ.)
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